Day: August 7, 2019

Fortuna reports consolidated financial results for the second quarter 2019

Jorge A. Ganoza, President and CEO, commented, ‘Our results in the second quarter reflect a strong financial performance in spite of a challenging price environment for silver, with adjusted net earnings per share of 6 cents, adjusted EBITDA margin of 40 percent, and free cash flow from ongoing operations of $15.4 million.’

Avino Reports Q2 2019 Financial Results

“During the second quarter of 2019, we experienced an unplanned downtime of 5 days due to labour negotiations regarding the closure of the San Gonzalo Mine, this, together with a decline in the feed grade at San Gonzalo, had an impact on our earnings during the second quarter of 2019” said David Wolfin, President and CEO.

Pan American Silver Reports Earnings per Share of $0.09 for the Second Quarter of 2019

“We delivered strong operating performance in Q2, resulting in cash flow from operations of $83.5 million,” said Michael Steinmann, President and Chief Executive Officer. “The integration of the Tahoe assets is progressing well, and the associated transaction costs are now substantially behind us. Combined with the recent strengthening in precious metal prices and an outlook for lower costs, we should see operating margins improve over the remainder of the year.”

Santacruz Silver Grants Stock Options — Clarification

The “About Santacruz Silver Mining Ltd.” section of the August 6th news release stated that “…The Company also indirectly owns 50% of the Zimapan silver-zinc mine.” The Company wishes to clarify that the Company does not have any indirect ownership interest in the Zimapan mine.

Argonaut Gold Announces Second Quarter 2019 Operating and Financial Results

Pete Dougherty, President and CEO stated: “We successfully completed the construction of the crushing and stacking expansion at San Agustin from 20,000 tonnes per day to 30,000 tonnes per day on time and slightly under budget. However, San Agustin production during the quarter was adversely affected by the underperformance of one of our three water wells, and while we have the ability to crush and stack ore at the 30,000 tonne per day rate, we have not done so due to solution constraints.”

Coeur Reports Second Quarter 2019 Results

“We made solid operational and financial progress on multiple fronts during the second quarter and are well positioned to deliver on our key initiatives in the second half of 2019,” said Mitchell J. Krebs, President and Chief Executive Officer.

Hecla Reports Second Quarter 2019 Results

“Our financial performance in the second quarter was impacted by several items, including lower by-product credits and the timing of lead shipments at Greens Creek, and higher depreciation expense, which more than offset the positive impact of higher grades at Greens Creek,” said Phillips S. Baker, Jr., President and CEO.

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