Month: January 2025

“Michael’s impact on MAG Silver cannot be overstated. His strategic insight, tireless advocacy for the Company, and dedication have left a lasting legacy. We wish Michael continued strength in his health journey and wish him all the very best in his retirement,” said George Paspalas, President and CEO of MAG Silver.

The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces. As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces.

“The strong production results combined with proceeds from the sale of La Arena have significantly increased Pan American’s cash balances. We entered 2025 with cash and short-term investments totaling $887.3 million, positioning the Company well to execute on its strategic priorities,” said Michael Steinmann, President and Chief Executive Officer.

“In light of a shift in sentiment in the permitting environment in Mexico in recent months with a number of other companies providing timelines for receipt of their permits or permit amendments in H1 of 2025, the Company believes it appropriate at this time to execute the extension to allow financing flexibility as we work toward the completion of its permit process for the planned Cerro de Oro gold mine and welcome Auramet as shareholders of the Company,” stated Doug Ramshaw, President of Minera.

Quetzal Copper Corp. announces that further to its news releases dated December 13, 2024 and December 27, 2024, the TSX Venture Exchange has granted the Company an extension to complete its previously announced non-flow-through portion of its non-brokered private placement of units of the Company at a price of C$0.15 per Unit.

Luca Mining Corp. is pleased to announce it has been named to the 2025 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

N. Eric Fier, CEO commented, “For a second consecutive year since declaring commercial production, the Las Chispas operation has exceeded expectations on numerous operational metrics and done so in a safe manner, with no lost time injuries recorded. These outstanding achievements are a direct result of the exceptional efforts by our employees in Mexico and Canada and I would like to thank them all for their contributions in 2024.”

“At current metal prices we expect to generate strong operating cash flows that will fund our capital investment program and service our debt obligations. Most importantly, I believe we are poised to continue delivering strong long-term value for all shareholders.”

“This milestone achievement is a testament to the dedication and vision of the entire Avino team,” said David Wolfin, President and CEO of Avino. “It underscores our firm commitment to responsible development and transformational growth. The receipt of all required permits marks the culmination of lengthy collaboration with Federal and State regulators, as well as meaningful engagement with community leaders.”

“As we look ahead to 2025, our strategic focus remains firmly on advancing the commissioning of our Terronera project and integrating it into our production profile,” commented Dan Dickson, Chief Executive Officer.