SSR Mining Announces Closing of Sale of Pitarrilla Project to Endeavour Silver

SSR Mining Inc. is pleased to announce that it has closed the sale of the Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. following the receipt of all required regulatory approvals and satisfaction of all closing conditions. As consideration for the sale, SSR Mining received US$35 million in cash, US$35 million in shares of Endeavour Silver, and a 1.25% net smelter return royalty on the Pitarrilla property.

Endeavour Silver Announces Completion of Pitarrilla Acquisition

“The addition of the Pitarrilla project elevates our portfolio as a leading mid-tier silver producer with high quality silver exposure and significant growth,” said Dan Dickson, Endeavour’s CEO. “We look forward to bringing our regional expertise to generate long-term value for our shareholders.”

Step Out Drilling at Panuco Expands the San Antonio Vein Along Strike and Down Dip

“Vizsla continues to test target areas in the Central portion of the district in parallel with resource growth at Napoleon and Tajitos-Copala”, commented Michael Konnert, President and CEO. “These wide, high-grade intersections announced today are the reward for this strategy, with San Antonio demonstrating that the Cordon del Oro Corridor has significant potential to become another important resource centre at Panuco.”

GoGold Announces Additional Positive Drilling at El Favor East

“Our continued drilling program at El Favor East shows additional positive results. Our program is also focussing on Gran Cabrera in the northerly section of Los Ricos North, and we expect to provide an update on that shortly,” said Brad Langille, President and CEO. “In addition to our drilling, we continue to work on consolidation of additional ground in Los Ricos South and expect to have an update on this in the coming weeks.”

Oroco Resumes Drilling at Santo Tomas

Oroco Resource Corp. is pleased to announce that it has resumed its drilling operations at Santo Tomas as the Federal military operations in the area have ended. Drilling commenced overnight at Brasiles with the resumption of Hole B007, and in the North Zone with the continuation of Hole N020.

Zacatecas Commences PFS Work at Esperanza Gold Project

Dr Chris Wilson, Chief Operating Officer and a Director of Zacatecas Silver comments, “The appointment of Palaris is a significant step in the overall advancement of the Esperanza Gold Project. A pre-feasibility study is fundamental to decision making and forward planning, and the appointment of Palaris demonstrates our desire to progress the project as quickly and efficiently as possible.”

Newmont Reaches Profit Sharing Agreement with Peñasquito Union

“Through a respectful dialogue and the active participation of union leadership including Senator Napoléon Gómez Urrutia, we reached this agreement without interruption to the operation, ensuring a lasting relationship for the future of Peñasquito.”

SilverCrest Announces First Pour at Las Chispas Mine

N. Eric Fier, CEO commented, “This marks another significant milestone in progressing towards commercial production in Q4, 2022. It is with great pride that I acknowledge the hard work of our team and thank everyone who has contributed to the completion of construction of Las Chispas, ahead of schedule and under budget, and all of those dedicated to commissioning the Mine”.

Mako Mining Provides Update on One Year Anniversary Since Declaring Commercial Production

Akiba Leisman, CEO of Mako states that “this past year has been transformative for the Company. Mako has now been in commercial production for 1 year. Since that time, the Company has profitably produced in excess of 36,000 ounces of gold, reached nameplate capacity of 500 tpd in December of last year, invested over $6 million in growth exploration, repaid approximately $10 million in principal, and began a capital return program to shareholders.”

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