Day: May 6, 2021

“Pan American remains committed to continuously improving our sustainability performance. We are implementing industry best practices, including the Mining Association of Canada’s Towards Sustainable Mining protocols, the Voluntary Principles for Security and Human Rights, and the World Gold Council Conflict-Free Standard,” said Michael Steinmann, President and CEO.

Sierra Metals Inc. today reported revenue of $69.6 million and an adjusted EBITDA of $25.6 million on the throughput of 774,421 tonnes and metal production of 25.5 million copper equivalent pounds or 3.7 million silver equivalent ounces, or 79.8 million zinc equivalent pounds for the three-month period ended March 31, 2021.

All matters presented for approval at the Meeting by management were duly authorized and approved.

Carlos Silva, CEO of Santacruz, stated; “Halting operations at Zimapan and reducing production at Rosario during Q2 in order to ensure the well-being of our employees was a difficult decision but undoubtedly the right one. Shortly after the mandatory suspension was lifted and safety measures were properly implemented, production and mine development activities were resumed with a steady ramp up to the end of Q3 when operating efficiencies started to take effect as demonstrated during Q4.”

Shares in Bacanora Lithium rose as much as 30% on Thursday after China’s Ganfeng Lithium, one of the world’s top lithium producers, agreed to buy the shares it does not already own for up to 190 million pounds ($264.5 million).

“Due to the high demand for physical coins and bullion, our online retail store generated $4.8 million in silver sales during the quarter, or approximately 5% of our $101 million in total quarterly revenues, representing a new record in its 13-year online history. Furthermore, due to the current demand, the Company is working with numerous mints and refiners to direct as much silver sales as it can through its online store as possible.”