Allen Palmiere, President and CEO said “Despite global challenges faced this year, such as inflation, and localized challenges such as ground support and ventilation, gold and silver production at the Don David Gold Mine in Mexico still ended the year above guidance.”
“We had an internal production estimate between 2.2 and 2.4 million silver equivalent ounces, and we beat the high end of that by over 250,000 silver equivalent ounces. This steady production reflects the quality of the Avino Mine asset as well as the mine site team’s ability to continually improve operations.”
James Anderson, Chairman & CEO said, “With the Cata mill now operational, Guanajuato Silver adds a third processing facility to our growing inventory of operating assets.”
Aztec plans to start work in the first quarter on a Phase 1, CAD$250,000 surface exploration program comprised of road cut, reconnaissance outcrop and soil sampling, Terraspec SWIR data collection and geological mapping.
Capitan Mining Inc. is pleased to announce final drill assays for five drillholes, from the summer 2022 drill program at the Jesus Maria high-grade silver zone, located at the Cruz de Plata project in Durango, Mexico.
Jody Kuzenko, President and CEO of Torex, stated: “We expect 2023 to be pivotal in the evolution of Torex Gold as we continue to execute on several key strategic initiatives, including advancing and de-risking Media Luna, optimizing and extending ELG, as well as growing reserves and resources.”
Gold production for the fourth quarter of 2022 totaled 29,301 ounces, a 19 percent decrease year-over-year. Lower gold production is attributed to an 8 percent decrease in tonnes and a 23 percent decrease in gold grade for ore placed on the pad, compared to the fourth quarter of 2021.
“We are extremely pleased with the results of this first program at El Picacho where we have not only confirmed mineralization tied to the old workings but also stepped-out and discovered even better mineralization at depth,” stated Brodie Sutherland, CEO.
Pursuant to the Private Placement, the Company issued 5,700,000 common shares at a price of $0.10 per share, for aggregate gross proceeds of $570,000, which are being allocated to existing working capital and capex needs of the Company.
GR Silver Mining Chair and CEO, Eric Zaunscherb comments “As we close off the San Marcial database for the resource estimation scheduled this quarter, we are excited by the potential contribution of the new SE Area discovery.”
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