Category: Investor’s Corner

“Completion of the project loan marks a step forward in our deep-rooted commitment to creating shareholder value and executing on our strategic vision to foster economic growth, environmental responsibility, and to positively impact lives by promoting local development”, said Dan Dickson, Endeavour’s CEO. “ING and Societe Generale are tier one lenders to the mining industry, and we are grateful for their partnership and support towards executing this vision. We look forward to unlocking all these benefits as we advance Terronera towards production.”

Fortuna Silver Mines Inc. reports that it has paid down $40 million of its revolving credit facility at the end of the third quarter of 2023, using cash on hand.

Newmont Corporation confirms it has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic aiming to end the strike initiated by the Union on June 7, 2023 at Minera Peñasquito in the Mexican state of Zacatecas.

Pan American Silver Corp. has temporarily suspended all operating activities at its La Colorada mine in Mexico due to security concerns at the mine site and the surrounding area. In the early hours of October 5, 2023, the operation experienced an armed robbery of two trailers of concentrate.

As part of the deal, workers at the Penasquito mine will receive 8% more pay for each shift, with the increase retroactive to Aug. 1, the mine workers union said in a statement. Each of the about 2,000 unionized workers will also get an equal share of a total 152 million pesos ($8.3 million).

A four-month-long labor strike has been lifted at Newmont’s Penasquito gold mine in Mexico after a deal was reached between workers and the firm to boost salaries, according to statements from the union and Mexico’s labor ministry on Thursday.

“The approvals include ones from the Australian Foreign Investment Review Board and competition authorities in Australia, Canada and Papua New Guinea,” Newcrest said in a statement.

Sandstorm Gold Ltd. is pleased to report that the Company sold approximately 21,100 attributable gold equivalent ounces and realized preliminary revenue of $41.2 million during the three months ended September 30, 2023, (22,606 attributable gold equivalent ounces and $39.0 million in revenue for the comparable period in 2022).

James Anderson, Chairman and CEO, said, “The numerous mineralized systems in the Guanajuato district have exhibited high grades for over 450-years; with this in mind, we are adjusting a number of our operational strategies in order to focus on mining higher grade material at abridged volumes.”