Year: 2023

Dale Andres, CEO of Gatos Silver, commented: “The CLG mine achieved strong production results in the third quarter, with the mill equaling the record throughput rate achieved last quarter. Consistent with the first half of the year, silver equivalent production in the third quarter and nine months tracked to the high end of our 2023 production guidance range. We are continuing to progress further life extension opportunities beyond 2030 by advancing conversion drilling of the South-East Deeps inferred resource and ramping up exploration efforts on near mine targets in the Los Gatos district.”

N. Eric Fier, CEO, commented, “Las Chispas continued to perform well in Q3, 2023 with 2.68 million oz AgEq sold for a total of 7.69 million oz AgEq sold in the first nine months of the year. This positions us to deliver on our 2023 guidance of 9.8-10.2 million oz AgEq sold. In August 2023, we filed and launched a Normal Course Issuer Bid and during the remainder of the quarter spent $7.1 million to buy back 1.5 million shares. This demonstrates our financial strength and commitment to return shareholder capital and to continue to invest in our unique and high-quality project.”

Mike Struthers, CEO, commented: “I’m delighted to welcome former colleague Chris Richings to the Luca team. As our new Vice-President Technical, Chris will provide invaluable leadership and direction in all technical disciplines at our mines but will initially focus on improving processes and performance at our Campo Morado Mine. Chris’s engineering study experience will also be invaluable as we examine opportunities to expand production at our Tahuehueto Mine beyond our initial 1,000 tpd goal.”

Orogen Royalties Inc. is pleased to announce that exploration partner Rackla Metals Inc. has exercised their option on the 288 square kilometre Astro gold project in the Northwest Territories, Canada.

Rodrigo Barbosa, Aura’s President and CEO commented, “In this quarter, we experienced a significant rise in production volumes in all our operations. Also, a standout accomplishment this quarter was Almas’s ramp-up, which exceeded industry benchmarks. As our operations thrived, we finalized and released a highly accretive Feasibility Study, secured funding and commenced construction at Borborema. We, at Aura team, are focused and building a solid track record in order to achieve our 450,000 Oz annualized by the end of 2025.”

“Completion of the project loan marks a step forward in our deep-rooted commitment to creating shareholder value and executing on our strategic vision to foster economic growth, environmental responsibility, and to positively impact lives by promoting local development”, said Dan Dickson, Endeavour’s CEO. “ING and Societe Generale are tier one lenders to the mining industry, and we are grateful for their partnership and support towards executing this vision. We look forward to unlocking all these benefits as we advance Terronera towards production.”

Fortuna Silver Mines Inc. reports that it has paid down $40 million of its revolving credit facility at the end of the third quarter of 2023, using cash on hand.

Newmont Corporation confirms it has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic aiming to end the strike initiated by the Union on June 7, 2023 at Minera Peñasquito in the Mexican state of Zacatecas.