Colibri Resource Corporation is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has released an update regarding the plans for the next phase(s) of resource definition drilling and outlines a permitting and operations strategy for a pilot facility at the jointly held Pilar Main Zone.
“Making the most of the rain season in Sonora, our field crews have been hard at work advancing our understanding of the broader mineralized footprint that extends out from Pilar” commented Brodie Sutherland, CEO. “We are excited to review the results of their initial work as it will provide key information in drill targeting across the broader Gran Pilar property.”
Silver Tiger’s CEO, Glenn Jessome, stated, “As we progress to release the PFS study, the last round of Resource Drilling assay results continues to highlight the extensive Stockwork Zone mineralization at the El Tigre Project.”
Akiba Leisman, Chief Executive Officer, states that “Q2 2024 was another very strong quarter for Mako, with 12,313 ounces sold at $1,098/oz AISC. For the quarter, Mine OCF was $14.5 million, which increased cash and receivable balances by $2.4 million after the repurchase of $2.9 million in stock, while generating $8.8 million in net income.”
Prime Chief Executive Officer Scott Hicks commented, “Prime continued to execute on its growth strategy through the second quarter, with exploration drilling demonstrating the high quality of our high-grade Los Reyes gold-silver Project. Expansion drilling results at the Z-T Trend included the discovery of a new high-grade shoot containing 7.68 gpt gold-equivalent over 7.7 metres, while a highlight of generative drilling at Las Primas included an impressive 11.8 gpt gold-equivalent over 3.0 metres.”
Endeavour Silver Corp. reports the trunnion on the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace. As a result, processing of material at the Guanacevi mill has been suspended.
Commenting on the Second Quarter 2024 operational and financial results, Mr. Gary C. Evans, Chairman and Co-CEO of U.S. Antimony Corporation stated, “While we are pleased with both the operating and financial results reported today for this new period, and as we continue to turn this company around, we can do better. Management has “many irons in the fire” so to speak and we are anxious to begin executing on those efforts.”
“Our business performed well in the quarter, generating strong net cash flow from operations of $93.0 million before working capital changes and free cash flow after sustaining capital of $38.6 million.” said Jorge Ganoza, Fortuna’s President and CEO.
“During the quarter, we passed 10 years of continuous production at Parral. We constantly make efforts to optimize our operations and congratulate the team on completing 10 years of production,” said Brad Langille, President and CEO. “We feel that the next decade plus of growth in GoGold lies within our flagship Los Ricos district, with the immediate catalyst being the release of the results of our definitive feasibility study in September at Los Ricos South.”
The news release incorrectly stated that in connection with a new Term Loan, the Company had entered into gold collar contracts to deliver 279,996 ounces per month beginning July 2024 through to June 2026. The news release should have read that the gold contracts require the delivery of a total of 279,996 ounces.
Mexico Mining Center © 2021 / All Rights Reserved
