Day: May 11, 2022

Avino Reports Q1 2022 Financial Results

“We are very pleased with the strong start to the year, highlighted by record revenues and mine operating income,” said David Wolfin, President and CEO.

Argonaut Gold Announces First Quarter Production of 55,516 Gold Equivalent Ounces, Cash Flow(1) of $25 Million and Provides Magino Construction Project Update

Larry Radford, President & CEO stated: “We were generally in line with our operational budget during the first quarter, which yielded over 55,000 GEOs and $25 million in cash flow. My focus since my appointment has been primarily on the Magino construction project. The mining industry is experiencing extraordinary cost pressures and Magino is no exception.”

Torex Gold Reports First Quarter Financial Results

“Torex had a solid start to 2022. Reliable production, combined with the stronger gold price and disciplined cost management, resulted in robust revenue and EBITDA generation. With 112,446 ounces of gold produced in the quarter, and quarterly production expected to be higher throughout the remainder of the year, the Company is well positioned to deliver on 2022 operational guidance.”

Sierra Metals Reports Consolidated Financial Results for the First Quarter of 2022

Luis Marchese, CEO of Sierra Metals, commented, “Following a difficult start to the year, the Company continues on its path towards operational recovery. During the first quarter, lower throughput and grades resulted in a decrease in the production of all metals along with significant increases to cash costs and all-in sustaining costs at both Yauricocha and Bolivar.”

Prismo Metals Samples 28 g/t Gold at Los Pavitos

Craig Gibson, President and CEO of the Company, stated, “Work at Los Pavitos has successfully delineated areas with high gold grades in the Las Auras, Santa Cruz and Oromuri areas. To date about 75% of the main area of interest has been covered with first-pass geological mapping and sampling. Newly recognized structures that are parallel to some of the main mineralized trends have also been identified.”

GoGold Releases 2022 Q2 Financial Results

“In the quarter, we continued to focus on our Los Ricos project as we continue to advance our second 100,000 metre drill program,” said Brad Langille, President and CEO. “Parral continues to produce for us, providing meaningful cash flow contributing to the general and administrative costs and the Los Ricos exploration budget.”

Americas Gold and Silver Corporation Reports First Quarter 2022 Results

“The first quarter of 2022 demonstrated the potential of the Cosalá Operations” stated Americas Gold and Silver President & CEO Darren Blasutti. “With strong silver, zinc, and lead prices, the Company generated positive operating cash flow, significantly improved the Company’s balance sheet, and funded the Galena Complex growth capital, which will allow the Galena Complex to double silver production over the next two years.”

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