Day: April 26, 2023

“Following up on a strong performance in 2022, we had an excellent start to the year operationally and financially. Production exceeded our first quarter guidance and costs were once again in line with guidance. All three operations continue to perform well, including another standout performance from La Yaqui Grande, the key driver of our expected production growth and decrease in costs this year,” said John A. McCluskey, President and Chief Executive Officer.

“Our commitment to advancing ESG principles and remaining a leader in safe and responsible mining holds true to our pledge to Pursue a Higher Standard as demonstrated throughout our 2022 ESG Report. As the world continues to move more towards clean renewable energy, we take pride in being a trusted supplier of precious and critical minerals for the future,” said Mitchell J. Krebs, President and Chief Executive Officer.

Carlos Silva, Santacruz’s CEO stated, “We started the year with solid production from all of our assets and are committed to improving operational efficiencies at all our mines, the San Lucas trading company and supporting areas. We are also working closely with JDS Engineering & Mining to complete NI 43-101 compliant Resource and Reserve Estimates for all our producing mines in Mexico and Bolivia, which will provide us with additional life of mine planning information. These reports are expected to be released during the third quarter of this year.”

“Prismo looks forward to working closely with the joint technical committee and the Vizsla exploration team to advance our mutual understanding of this long-underexplored, high-grade silver-gold district. We look forward to the combined Prismo-Vizsla brain-trust unraveling the geology to unlock the potential of Palos Verdes and the entire Panuco district.”

“We are thrilled to collaborate with Dr. Peter Megaw and Dr. Craig Gibson and establish this technical committee,” commented Michael Konnert, President and CEO of Vizsla Silver. “By combining our strengths and expertise, we significantly improve our odds for making additional discoveries in the central and eastern portions of the vastly under-explored Panuco district.”

“With the initial concentrate shipments behind us our attention is now on achieving commercial production at Juanicipio. We have experienced some really promising days with milling rates at or around 4,000 tonnes per day. Our goal is to transform these good days into solid quarters and solid quarters into outstanding years,” said George Paspalas, MAG Silver’s President and CEO.