“Facing ongoing operational difficulties due to Covid-19 in Peru and México, the Company performed relatively well during the first quarter with a 4.5% increase in consolidated throughout as well as record quarterly throughput at Yauricocha. These results were despite of other additional challenges, including a power failure at the Cusi Mine resulting from the large scale power outage originating in Texas.”
The closing of the Empress US$5M Stream is the second stage of a larger US$25 million financing package organized by an investor syndicate with members Accendo Banco S.A. de C.V., Empress Royalty Corp., & Endeavour Financial as detailed in Telson’s February 23rd news release.
Brad Marwood, Managing Director of CZL advised “The establishment of our own processing facility has been a long time coming. I believe this is the final step to the Plomosas mine producing high quality concentrates, consistently and cost effectively.”
El presidente Andrés Manuel López Obrador anunció este jueves que negó a la Minera El Boleo una solicitud para ampliar sus operaciones en una superficie de entre 300 y 400 hectáreas: “Les dije que no, que ya no podemos seguir entregando estas concesiones“, dijo, durante su acostumbrada conferencia de prensa mañanera.
Chris Wright, Chairman & CEO, commented: “We are excited to conclude our upgrade and begin trading on the OTCQX, which will give investors better market information, transparency, liquidity, and ease of trading in the company’s stock.”
Stephen Orr, Chief Executive Officer, stated “The early drill results from the reactivated definition drilling program are extremely encouraging and demonstrate continuity in both the SE and NW from the CLG reserve.”
The Company has completed 12 core drill holes totaling over 1,800 meters, testing the F Vein as part of the 5,000-meter drill program.
Riverside’s President and CEO, John-Mark Staude: “We are very pleased with this first batch of samples. The results show continuity of mineralization at shallow depths and further drilling is certainly warranted to extend known near-surface mineralization at North Breccia and test at greater depth at San Jose where the first ever 4-holes all encountered gold mineralization and point to strong potential at slightly greater depths.”
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We are very encouraged by the results from the Babi Vista and Granaditas areas, including the Babi Vista Vein Splay, which support our goal to target potential resource conversion proximal to planned and existing underground workings.”
“We continue to see improved production from Platosa after the changes we made in mid-2020, with our third consecutive quarter of more than 21,000 tonnes mined,” stated Brendan Cahill, President & CEO. “The mine is reaching a good steady state of production, though we continue to see opportunities to improve mill recoveries.”
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