“2024 marked another year of consistently strong operational results from Morelos. With gold production of more than 452,000 ounces, we met our annual guidance for the sixth year in a row. The team continued to deliver new operational firsts, achieving a new annual average gold recovery record of 90.6% at the processing plant and a record annual mining rate from ELG Underground of close to 2,100 tonnes per day.”
Pan American Silver (Feb 19, 2025) reported audited 2024 results: record revenue $2.8B; record cash flow from operations $724.1M; record free cash flow $445.1M. Silver production 21.1M oz; record gold 892.5K oz. Net income $112.7M ($0.31/share). Cash balance $887.3M; 2025 guidance issued.
“Our significant investment in exploration continues to create value with global Mineral Reserves increasing 31% to 14 million ounces, including another substantial increase in higher-grade Reserves and Resources at Island Gold. We will be incorporating this growth into the Island Gold District Life of Mine Plan and Expansion Study to be released later this year that we expect will outline a larger, and more valuable operation.”
John MacKenzie, CEO of Capstone, commented: “We achieved record copper production and EBITDA generation in 2024, representing tangible delivery on our peer leading growth. During the year we realized the first phase of the transformation of Capstone Copper by ramping up Mantoverde and Mantos Blancos, while improving our balance sheet strength and financial flexibility.”
United States Antimony Corporation announced today the appointment of two new Vice Presidents of the Company in different divisions. Mr. Rodney (Rod) Blakestad is now Vice President of the Mining Division, reporting to Joe Bardswich, and Leo Jackson is now Vice President of the Mexican Antimony Division, reporting to John (Gus) Gustavsen.
Carlos Silva, COO, said, “Not only are we the largest employer within the City of Guanajuato, we are also committed to enhancing the wellbeing of the entire community through targeted social and environmental enhancement programs that are generating tangible impacts.”
Dan Barnholden, CEO, commented, “We have delivered an approximate 77% increase in our share price over the course of 2024, and I’m pleased to see that this trend has continued into 2025. We appreciate the recognition by TSXV of our efforts at building shareholder value.”
Quetzal Copper Corp. announced (February 18, 2025) a TSX Venture Exchange-approved extension until February 28, 2025, for its non-brokered private placement of up to 6,666,666 non-flow-through units at C$0.15 each, targeting C$1,000,000 gross proceeds to fund exploration in British Columbia.
Alamos Gold reported year-end 2024 Mineral Reserves of 14.0 million ounces gold (up 31% from 2023), driven by Magino acquisition (+2M oz), Island Gold growth, and initial reserves at Burnt Timber/Linkwood. Measured & Indicated Resources: 6.6M oz (+50%); Inferred: 7.1M oz.
“Coeur’s sustained focus on brownfield exploration investment has been incredibly successful and continues to be a key differentiator. Over the past five years, our gold and silver mineral reserves have increased 40% and 48%, respectively, net of depletion, and our gold and silver mineral resources have grown considerably,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer.
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