Year: 2024

Fresnillo plc has received notification from Industrias Peñoles, S.A.B. de C.V. that its Sabinas mine is experiencing operational difficulties impacting silver production.

“CLG’s strong third quarter 2024 production and cost performance together with higher metal prices resulted in record quarterly free cash flow at the LGJV and a record quarter-end cash balance for Gatos Silver,” said Dale Andres, CEO of Gatos Silver.

“Fortunately, during this concerning event, no personal injuries were reported and the people affected are safe. The safety and security of our employees, customers, and community members is our top priority, and we will continue to fully cooperate with the authorities as they investigate the situation,” the mining company said.

Kingsmen Resources Ltd. is pleased to report on its continuing exploration program on its 100% owned Las Coloradas project, which is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.

Apollo Silver Corp. is pleased to report that it has closed its previously announced non-brokered private placement and has issued an aggregate of 67,500,000 common shares of the Company at a price of C$0.20 per Share for aggregate gross proceeds of $13,500,000.

Heliostar CEO, Charles Funk commented, “Through the acquisition of this portfolio, Heliostar has unhedged gold production from multiple assets and strong pipeline for production growth. The combination of production, production growth, resource expansion and the removal of the US$20 million in milestone payments from Ana Paula establishes Heliostar as a dynamic growth company in 2025 and beyond.”

Based on the Company’s existing streams and royalties and the year-to-date outperformance of gold prices relative to other commodities, attributable gold equivalent ounces for 2024 are forecasted to be between 70,000 and 75,000 ounces.

First Majestic Silver Corp. is pleased to announce the Company’s unaudited condensed interim consolidated financial results for the third quarter ended September 30, 2024.

“The quarter was challenging with multiple lost operating days due to severe weather at the Cosalá Operations and the decision to focus on development priorities to access high-grade silver ore early next year at the Galena Complex. The lack of operational flexibility with only one shaft available for ore and waste impacted production during the quarter. However, I am thoroughly excited for the future of the Company,” stated Americas President and CEO Darren Blasutti.

Mr. Balarezo continued, “The improved operating performance has already started to show lower costs, and during this period of rising metal prices, we are generating higher operating cash flows and improving our financial position. We continue to deliver on our plan to create value for all our stakeholders.”