Golden Minerals Company Reports Q2 2023 Gold Production
July 20, 2023
The Company concluded open pit mining at the Rodeo mine during the month of June and moved to processing of stockpiled material.
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The Company concluded open pit mining at the Rodeo mine during the month of June and moved to processing of stockpiled material.
The Transaction is proceeding as previously announced in the Company’s news releases dated May 30 and April 14, 2023, and is expected to close in August.
“We are very pleased with the results from phase 1 of 2023 drilling. The more we explore this property the more indications we find of a large, long lived magmatic-hydrothermal Au-Cu-Ag system with multiple overprinting events. This project is in its infancy and we are only beginning to realize what its potential might be.” – Michael Tucker – Director and Lead Geologist.
“We’ve drilled over 100 additional holes in the Main zone at Los Ricos South since our initial drilling which was included in our July 2020 Mineral Resource Estimate. Our additional drilling has helped us better define the continuity of the high grade ore shoots in the deposit,” said Brad Langille, President and CEO.
“Our continued drilling success shows why we are so excited about the future for this district,” said Dale Andres, CEO of Gatos Silver. “Our next mineral resource and reserve update is nearing completion and will be a first step in extending the mine life and showing the potential scale of SE Deeps.”
Eric Caba, President and CEO of Bear Creek, states, “As previously reported, delays in development work experienced during the first quarter of 2023 impacted Mercedes’ operations during Q2 2023. This primarily manifested itself in lower grades available to process as we continued to catch-up on development in the mine. During Q2 we started making dramatic changes to the operations by implementing more productive mining methods.”
Riverside Resources Inc. is pleased to provide a summary of its ongoing strategic activities over the past six months and an outlook for the second half of the year.
“We are very encouraged with the high-grade exploration results that have been achieved to date,” stated Keith Neumeyer, President & CEO of First Majestic. “The recent drilling has accomplished multiple goals from confirming new geologically prospective areas to achieving strong intercepts for Resource to Reserve conversion.”
Newmont Corporation today announced that the Canadian Competition Bureau issued a “no action” letter clearing Newmont’s previously announced transaction with Newcrest Mining Limited under Canadian competition law.
Heliostar CEO, Charles Funk, commented, “Hole AP-23-297, 242m grading 9.06 g/t gold, is an incredible gold intercept that exceeded our expectations. It shows potential to add ounces at higher grade in the up-plunge growth target. And it illustrates the excellent continuity of high grade along the length of the High Grade Panel.”
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