Year: 2024

Octavio Alvídrez, Chief Executive Officer, said: “We have delivered another solid quarter, in line with the consistent operating performance we have achieved all year. Our full year guidance set out in January remains unchanged. In silver, Saucito and San Julián Veins have performed very well, helping to offset slightly lower output at Fresnillo. In gold, we have delivered a rapid recovery at Herradura after the mine plan was impacted by heavy rains earlier in the year, with gold production increasing 40% quarter on quarter, and at Ciénega we have delivered a strong increase in gold output year to date, testament to the outstanding work of the team on the ground.”

Guanajuato Silver Company Ltd. regrets to report that an employee fatality occurred on Tuesday, October 22, due to an accident at the San Ignacio mine in Guanajuato, Mexico.

We are very pleased to announce the appointment of Mr. Robert Payment to the GR Silver Mining management team as CFO effective immediately.

Sierra Madre Gold and Silver Ltd. is pleased to provide an operational update on activities at the La Guitarra silver-gold mine complex in Estado de Mexico, Mexico.

“The third quarter continued to validate the strength and quality of the operations at Juanicipio,” said George Paspalas, MAG Silver’s President and CEO. “We are delighted to report another quarter of exceptional production results from Juanicipio.”

Heliostar Metals Ltd. is pleased to announce receipt of the clearance decision from the Comisión Federal de Competencia Económica (“COFECE”) with respect to the pending acquisition of the Mexico Business Unit of the former Argonaut Gold from Florida Canyon Gold Inc. COFECE approval was the final substantive regulatory approval required prior to closing the acquisition of the Mexico Business Unit, which is anticipated in early November 2024.

Octavio Alvídrez, Chief Executive Officer, said: “We have delivered another solid quarter, in line with the consistent operating performance we have achieved all year. Our full year guidance set out in January remains unchanged. In silver, Saucito and San Julián Veins have performed very well, helping to offset slightly lower output at Fresnillo.”

Florida Canyon Gold Inc. announced today the receipt of the clearance decision from the Comisión Federal de Competencia Económica (“COFECE”) with respect to the pending sale of its Mexico Business Unit to Heliostar Metals Ltd. COFECE approval was the final substantive regulatory approval required prior to closing of the sale of the Mexico Business Unit, which is anticipated in late October or early November 2024.

Goldgroup CEO, Ralph Shearing, commented, “Historically Cerro Prieto has deposited crushed mineralized material to the leach pads at P80 of 5/8” and over the past five years has deposited an average of 42% ROM (Run of Mine uncrushed material). As such, gold recovery averaged 60% in the first 5 years of operation with 5/8” crush deposited. With the addition of ROM over the past five years, gold recovery has fallen to an average of 42.6%.”