Month: May 2022

Pan American Silver joins Voluntary Principles on Security and Human Rights

“Pan American has always been committed to sustainable corporate practices and social responsibility,” said Michael Steinmann, President and CEO. “Implementing standards, such as the VPs on Security and Human Rights, provides assurance to our stakeholders that our practices are aligned with global best practices.”

Santacruz Silver Reports First Quarter Financial Results

Carlos Silva, CEO of Santacruz, stated; “During this first quarter we started to see the contribution of our recently acquired Bolivian assets with record revenue and profits. At our Mexican operations we expect increased production from new stopes and less lower grade mineralized material from development work. this should reduce our AISC at Zimapan beginning in the third quarter.”

Discovery Reports Positive Metallurgical Results from Cordero & Provides Project Update

Taj Singh, President & CEO, states: “We are very pleased with the excellent progress we have made on our PFS and to be working with the same industry-leading project team that completed our Preliminary Economic Assessment (PEA). Initial results from the PFS metallurgical testwork program highlight the exceptional metallurgical performance at Cordero with recoveries typically ranging from 90-95% for Ag, Pb and Zn from the tests completed so far.”

Santana Gold Project Operations Update

“This advancement of the Nicho Main Zone is a significant and positive development and the final major milestone in the ramp-up of operations at Santana. The development of the second and larger pit will provide access to the main source of known mineralization at the project supplementing current starter pit operations and allowing the Company to ultimately exit the project’s pre-commercial phase of production. ” stated Darren Koningen, CEO.

Infinitum Copper Commences Trading on OTCQB

Steve Robertson, CEO of Infinitum Copper commented, “We are excited to begin trading on the OTCQB, as it allows us to expand our exposure to institutional and retail investors in the United States. We believe that trading on OTCQB can lead to enhanced liquidity and visibility in global capital markets”.

Magna Gold – Q1 2022 Operating and Financial Results

Arturo Bonillas, President and CEO of Magna stated: “I am very pleased to see the San Francisco Mine maintain a steady state of operations for three consecutive quarters now. As demonstrated by our results, strip ratio and cash cost continue to trend downwards from where we were a year ago. Gold production is in line with our operating plans and is anticipated to increase as production is expected to be back weighted in 2022.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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