“We are delighted with the progress reported by the Fresnillo team on the electricity shutdowns that pave the way for the final tie-in to the power grid. Commissioning of the new electrical system is expected over the next few weeks followed by the commissioning of the grinding mills.”
“I am pleased to report a solid quarter of production, in line with our expectations. We are making good operational progress, despite the ongoing impact of the pandemic and global supply chain bottlenecks, which are likely to persist in the second half. We continue to address the challenges presented by the Mexico labour reform which limits the use of contractors.”
“The very high-grade CDH-140 intercept is an excellent result adding significantly to the El Refugio resource confidence on this westerly ‘section 800’ where there is no previous drilling. Drill hole CDH-141 intercepted a wide zone of gold-silver mineralisation with several reportable and high-grade intercepts, demonstrating the size and continuity of the El Refugio structure and its significance in the Copalquin District.”
Azure Minerals Limited is pleased to advise that further to its announcement of 30 May 2022 and shareholder approval received on 29 June 2022, it has completed the sale of its Mexican precious and base metals projects to Bendito Resources Inc for a combination of cash and shares valued at A$20 million.
Simon Dyakowski, CEO of Aztec, commented: “We are thrilled to announce this opportunity to consolidate a 100% interest in the Cervantes porphyry gold-copper project and welcome Kootenay Silver as a major shareholder of Aztec.”
ura Minerals Inc. is pleased to announce the appointment of Mr. Pedro Joao Zahran Turqueto to its board of directors effective July 25, 2022.
Alex Langer, Sierra Madre’s President and Chief Executive Officer commented, “We are delighted to have Ken accept the position of CFO as we build out our management team in preparation for operations at La Guitarra.”
Vice President of Exploration Rob Macdonald states: “These latest drill results have now confirmed the continuity of new mineralization over an approximate 400 metre strike-length extending laterally from the Mina La Bocona to the Skarn Front deposits.”
Orogen Royalties Inc. is pleased to announce the closing of the transaction (previously announced June 9, 2022) with Advance Lithium Corp. whereby Orogen acquired 3% net smelter royalties on three prospective mineral licenses in the Lake Victoria Gold Fields in western Kenya.
“Newmont delivered a solid second quarter performance, producing 1.5 million gold ounces and generating $514 million in free cash flow.”
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