Production of 5.2 million silver equivalent ounces, consisting of 2.0 million silver ounces and 35,936 gold ounces, in line with the Company’s 2024 production guidance plan as management anticipates improvements in the second half of the year due to planned higher ore grades and throughput rates.
“Our ongoing exploration campaign continues to expand and convert near-surface mineralization at La Luisa,” commented Michael Konnert, President and CEO. “La Luisa is one of the newest discoveries Vizsla Silver has made in the Panuco district, and currently hosts 4 million ounces of indicated and 25 million ounces of inferred silver equivalent resources.”
“Our operations performed in line with expectations for the first quarter with 112,543 of gold equivalent production, $84.3 million in cash from operations before working capital changes and earnings per share of $0.09.” said Jorge Ganoza, Fortuna’s President and CEO
Heliostar CEO, Charles Funk, commented, “Finding a self-funded solution that diminishes the amount of equity dilution to advance the development of the Ana Paula Project and undertake a Test Mining program has been the Company’s focus in 2024. Today’s announcement puts Heliostar on the front foot to continue to de-risk the Ana Paula project and accelerate its path to commercial production.”
Greg McKenzie, President and CEO, commented: “We are pleased with the strong returns from the La Estrella, San Rafael and C1940 Zones. High-grade mineralization can be traced at La Estrella over a strike length of 225 m, vertical extent of 135 m, and true thickness of up to 6 m. Limited mining was previously conducted by First Majestic within these zones, and they were not included in the August 2023 Resource Estimate. We anticipate these results will have a positive impact on future resource updates.”
Ernesto Balarezo, Sierra Metals’ CEO, comments, “We are pleased to report an updated NI 43-101 report showing mineral reserves and resources for both our Yauricocha and Bolivar mines, supporting the long production history of both assets. Preparing a compliant NI 43-101 report with such a significant amount of mineral reserves and resources demonstrates we have a clear path forward and the foundation in place to enhance and to maximize the returns of the growth initiatives that we have planned at our mines.”
Osisko Development Corp. reports its financial and operating results for the three months ended March 31, 2024.
Dale Andres, CEO said: “During the first quarter we continued to add cash to the balance sheet mainly because of the previously disclosed strong operational performance at the LGJV. All-in sustaining cost per silver ounce was at the lower end of 2024 guidance thanks to improved operating efficiencies, which helped to offset inflationary cost pressures and the impact of the stronger Mexican peso.”
President and CEO Frederick Davidson commented, “The Guadalupe mine first began production almost 500 years ago and we are still finding new discoveries in the swarm of veins that make up the mine complex mineralizing system. We are currently drilling this new Kena Vein South from the 140 metre level of the mine.”
Scott Emerson, President commented: The old workings sampled and reported here are distributed over approximately 530 meters and approximately ½ mile (1 km) from the old operating Soledad Mine indicating the mineralization carries entirely along the 1.7KM Soledad structure which was not previously recognized by the old miners.”
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