Day: March 28, 2023

Jody Kuzenko, President & CEO of Torex, stated: We are pleased with the results of the year-end 2022 Mineral Reserve & Resource estimate which further highlights the geological excellence of our Morelos Property. On a total asset AuEq basis, net of depletion, Measured & Indicated Resources increased 567 koz (+8%) and Inferred Resources increased 41 koz (+2%). Prior to mine depletion of 511 koz AuEq, Measured & Indicated Resources increased 1,078 koz (+16%).”

Ernesto Balarezo Valdez, Sierra Metals’ Interim CEO comments, “Sierra Metals enters 2023 with positive momentum. Since the start of 2023, we have stabilized our operations and begun to implement a program to optimize our operating performance, all with safety as the top priority.”

Equinox Gold Corp. is pleased to announce it has completed a $140 million gold prepay arrangement. The Company has also signed a non-binding term sheet for an additional $50 million gold purchase and sale arrangement.

“As we refocus our portfolio, the sale of this non-core property is consistent with our capital allocation strategy of investing in our assets that have the potential to generate the highest returns and drive free cash flow growth,” stated Richard Young, President and CEO of Argonaut Gold.

Heliostar CEO, Charles Funk commented, “Heliostar is now the owner of the Ana Paula Gold deposit, a 1.4-million-ounce resource (M&I) with a PFS and permits for open pit mining. The transaction has added advanced gold ounces to our company for significantly less than the cost to drill, define and permit them.”