Heliostar CEO, Charles Funk, commented, “Heliostar is now a cash flow positive gold producer with significant potential and an under-explored portfolio of properties with significant resource growth potential. Today’s guidance for the second half of 2024 shows strong cash flow margins.”
Prime Chief Executive Officer Scott Hicks commented, “Over the course of the quarter and since the quarter end, Prime has made significant progress. In September, we announced outstanding high-grade gold and silver drill results from Tahonitas at the southern end of the Z-T Trend. We also appointed board member Sunny Lowe, who brings a wealth of financial and industry experience to Prime.”
Chesapeake Gold Corp. announces plans to appeal the Mexican court’s dismissal of its lawsuit challenging the cancellation of its San Vicente 3 mineral concession, a key part of its Metates project, and will continue advancing the project and related studies while pursuing all legal options.
While it is premature to draw any definitive conclusions, Fresnillo has indicated that there is a reasonable possibility that these operational issues might lead to considerable revisions to the Silverstream Agreement.
Tony Makuch, CEO, commented: “As a precious metals company focused on creating value, it is a great time to be advancing one of the world’s largest silver development projects, with market fundamentals pointing to continued deficits and diminishing inventories.”
“Our business continues to make strong progress across all areas with highlights during the quarter in operations, development, and exploration. Most notably, Camino Rojo’s operations are generating significant cash flow which has allowed us to repay our debt well ahead of schedule and providing the foundation to invest in future growth and discovery.”
Orex Minerals Inc. is pleased to announce the completion of the Company’s warrant exercise incentive program previously announced on October 7 and extended on November 1, 2024 raising approximately $1.2 million.
N. Eric Fier, CEO, commented, “We are pleased to deliver another quarterly record for both revenue and mine operating earnings, as well as one of our best quarters to date for both operating and free cash flow. Our results were supported by strong metal prices, impressive sales quantities and all-in sustaining costs that were well below the low end of our 2024 guidance.”
“We were pleased to see the continued rally in metal prices during the third quarter” said David Wolfin, President and CEO. “That combined with our strong production results, positions us favorably as we prepare to achieve our transformational growth objectives through advancement at La Preciosa.”
MAG Silver Corp. reported robust financial results for Q3 2024, driven by strong performance at the Juanicipio mine, where it holds a 44% stake. Net income was $22.3 million ($0.22 per share), supported by Juanicipio’s silver production of 4.9 million ounces and equivalent production of 7.1 million ounces. Additionally, MAG entered an exploration agreement with Apollo Silver for the Cinco de Mayo project.
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