Kootenay Silver Inc. is pleased to announce that the consolidation of the outstanding common shares of the Company on the basis of one post-Consolidation Common Share for every ten pre-Consolidation Common Shares is anticipated to be made effective for trading purposes on Tuesday, November 14, 2023.
Golden Minerals Company has today released financial results and a business summary for the quarter ending September 30, 2023.
Osisko Development Corp. is pleased to report its financial and operating results for the three months ended September 30, 2023.
“Our overall gold production increased 15% quarter-over-quarter while costs applicable to sales per ounce of gold declined by 13%, which led to a 38% increase in adjusted EBITDA,” said Mitchell J. Krebs, President and Chief Executive Officer. “This production growth was driven by an 87% increase at our Kensington gold operation in Alaska and a 16% increase in gold production at our Palmarejo gold-silver mine in northern Mexico.”
Darrell Rader, President & CEO of Minaurum, stated, “We are very pleased to have Ruben join the Board of Directors. Ruben is a top tier geologist and was highly regarded by his close friend and co-founder of Minaurum, David M. Jones. We look forward to applying his technical expertise to Minaurum’s exploration efforts in Mexico.”
Heliostar CEO, Charles Funk, commented, “Ana Paula continues to outperform our expectations. The Company’s improved understanding of the gold mineralization led to the recent recognition of a new Parallel Panel only 50 metres north of the High Grade Panel. Today’s results are wide, with high-grade mineralization.”
Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “The drill results released today continue to extend the high-grade plunge at the south-east end of the Z-T Area, known as Tahonitas. Today’s results, along with previously released holes in this area, have extended mineralization approximately 250m down-dip from the May 2023 resource pits. We are excited by how the mineralization in this area is developing and continue to drill Z-T as part of our success-based drill program.”
Jorge A. Ganoza, President and CEO, commented, “Fortuna has delivered record production and financial results for all its key metrics driven by the first full quarter contribution of our flagship Séguéla gold mine.” Mr. Ganoza continued, “Compared to the first half of the year, the reduction in our consolidated all-in sustaining cost to $1,312 is primarily the result of Séguéla’s industry leading AISC of $788 per ounce, abating inflation, optimization initiatives across the business, and higher gold production at the Yaramoko mine driven by new high grade zones.”
“We are reaffirming our annual 2023 guidance ranges for silver and gold production with the expectation that production for both will come in at the low end of the ranges. We expect Gold Segment Cash Costs and AISC to be within the guidance ranges and Silver Segment Cash Costs and AISC to be marginally above their guidance ranges,” said Michael Steinmann, President and Chief Executive Officer. “While mine operating performance was broadly in line with the plan across the portfolio, ventilation constraints at La Colorada and lower grades at El Peñon weighed on silver and gold production.”
Eric Caba, President and CEO of Bear Creek states, “On behalf of Bear Creek’s Board of Directors, I am very pleased to welcome Sandra Daycock, Susan Toews and Brian Peer to the Company. Sandra and Susan bring a wealth and diversity of experience to our Board and will contribute their cumulative financial, legal, strategic and governance expertise to the direction of the Company. Likewise, with over three decades of hands-on experience at mining operations throughout the Americas, Brian is a welcome addition to our senior management team. We look forward to the contributions Sandra, Susan and Brian will bring to Bear Creek as we continue to grow and develop.”
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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