Igor Gonzales, President and CEO of Sierra Metals, commented: “I am very pleased with the Company’s strong Q4 production results, which contributed to a solid year of production in 2018. The Company continues to reap the benefits of the successful operational improvement programs at all Mines.
We have encountered significantly higher than anticipated grades and widths at NE-1S from surface, stated Ben Pullinger, Senior Vice President Geology. More importantly, we have identified an open zone to continue expanding the mineralized footprint to the east with our ongoing drilling program during 2019.
Fred Davidson, President & CEO, stated “We are encouraged that Dr. Oliver’s work has advanced our internal geological model and understanding of a potential larger bulk tonnage gold system within our 357km land package. We have large areas of excellent ground to explore and are in production on less than 2% of the land package. We look forward to exploration results that will come from the work recommended by Dr. Oliver.”
Monreal Ávila informó que el año pasado las mineras pagaron 12 millones de pesos del predial, entre ellas Saucito del Poleo y PLC, pero se prevé que este año la recaudación sea mayor porque dichos corporativos han crecido en infraestructura. Es irresponsable manejar una cantidad, pero creo que se va a incrementar, va a aumentar.
A más de un mes del anuncio sobre el despido de 240 empleados de la mina El Cubo y otros 200 de la mina de Cata, Rayas y el Rosario, el secretario general de la Sección 142 del Sindicato de Mineros, Juan Enrique Vargas, continúa en la Ciudad de México negociando que las personas que fueron despedidas obtengan liquidaciones superiores a las que marca la ley.
Octavio Alvídrez, Chief Executive Officer, said: “Record annual silver production and a very strong gold performance does not mask what was a challenging year for Fresnillo. Gold production surpassed the expectations we had at the beginning of the year and is in line with our upwardly revised guidance, driven by a strong performance at Saucito, the successful start of operations of the Pyrites Plant at Saucito and the higher ore grade at the Fresnillo mine.
Scoping Study confirms Oposura as economically and technically robust, high-margin project
Pete Dougherty, President & CEO stated: “We achieved record quarterly production of nearly 52,000 GEOs, which contributed to record annual production of over 165,000 GEOs. I commend the team on this accomplishment. We achieved 51% production growth quarter over quarter and are now at a run rate that indicates we can produce over 200,000 GEOs in 2019…”
Our 2019 outlook benefits from the many operational improvements being implemented at each site. Looking ahead, we see significant upside in the long-term production profile of the company from the restart of Santa Luz and the expansion at Los Filos, which, once financed and constructed, have the capacity to take our consolidated production to +700,000 oz per year.
Kootenay President & CEO, James McDonald stated, “We are very pleased with results from mapping and sampling recently completed at Copalito. This Program not only returned numerous high-grade silver values, but also found significant gold values and extended the mineral strike length of all known primary veins. Furthermore, we discovered parallel veins, increasing the dimensional potential of the mineralized system. Copalito is a rare opportunity of an undrilled vein swarm with the potential for a high-grade discovery, which can have immediate impact in the value of the Company even with low silver prices. It is the second such project acquired in 2018 with the other being Columba.”
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