Jorge A. Ganoza, President and CEO of Fortuna, commented, “At Fortuna, we remain focused on the production of silver and gold while generating shared value over the long term for our stakeholders through efficient production, mitigation of impacts to the environment and social responsibility.”
Ralph Shearing, CEO states,” I am immensely proud of our entire Altaley team who have worked tirelessly throughout 2021 to deliver a record-breaking year of rapid growth and excellent profitability to the Company and our shareholders. We will build on these excellent 2021 results as we continue our improvements at Campo Morado and very soon, enter production at our Tahuehueto gold mine where we expect robust economics to significantly increase our revenues and profitability.”
A British Columbia Securities Commission (BCSC) panel has found that a mineral exploration company and two people connected to it made false or misleading statements. The company’s former president and CEO also committed illegal insider trading.
“I am pleased to report that our newly consolidated operations have performed very well in the first quarter of 2022 despite challenges related to COVID-19. Supported by strong metal prices, the first quarter generated solid operating cash flow which allowed the Company to continue to deliver on shareholder returns while paying down debt, and investing in our operations and pipeline projects,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
“We would like to extend our gratitude to the syndicate of lenders who provided their support during the construction phase of the Camino Rojo mine. This refinancing significantly lowers our cost of capital, improves our financial strength and provides additional flexibility through increased liquidity,” said Etienne Morin, Chief Financial Officer of Orla Mining.
Our balance sheet remains exceptionally strong with a current cash balance of approximately $60 million and no debt. This puts us in a very strong position to fund all our activities at Cordero in 2022, as well as all necessary work to advance Cordero to a construction decision through the completion of a Definitive Feasibility Study currently scheduled for the second half of 2023.
Coeur’s $240 million investment in exploration over the last five years has led to strong reserve and resource growth with multiple new discoveries and meaningful extensions to mine lives. Infill-focused drilling programs successfully replaced 1.8 million and 56.4 million ounces of cumulative gold and silver production, respectively, and added an additional 0.5 million ounces of gold and 85.4 million ounces of silver reserves.
Pierre Beaudoin, COO, remarked, “Despite the challenges that Omicron posed in January and February, we are extremely pleased that construction remains on schedule as outlined in the Feasibility Study. This was no doubt a challenging first quarter, but we are in a favorable position as we head into the last stretch of construction.”
Fortuna Silver Mines Inc. announced today the acceptance by the Toronto Stock Exchange of Fortuna’s notice to commence a normal course issuer bid to purchase up to five percent of its outstanding common shares.
GR Silver Mining Ltd. announces wide and high-grade silver results from its surface infill drilling program at the Plomosas Project in Sinaloa State, Mexico. These Ag-rich drilling results are part of the Phase I surface infill drilling program initiated in December 2021 at the Plomosas Mine Area, targeting intervals on the upper levels of the historical Plomosas underground mine where unsampled intervals of historical drill holes within the mineralized zone were assigned zero values, and hence affected the grade of model blocks, in the 2021 NI 43-101 mineral resource estimation.
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