American Silver Corp. reported the voting results from its annual general and special meeting of shareholders held on May 10, 2023, in Vancouver, British Columbia.
Prime Mining Corp. is pleased to report its operating and financial results for the quarter ended March 31, 2023.
“The Company transitioned seamlessly into 2023 with another consistent operating quarter with strong cash margins,” said Jason Simpson, President and Chief Executive Officer of Orla. “We remain committed to all our stakeholders including our local communities and host governments.”
Osisko Development Corp. announces the results of its annual meeting of shareholders held on May 11, 2023.
Bear Creek Mining Corporation announces that Sandstorm Gold Ltd. has advanced Bear Creek an additional US$5 million pursuant to an amendment to the gold purchase agreement between the two parties originally dated December 17, 2022. Proceeds from the additional stream advance will be used to accelerate access to certain higher-grade areas of the Mercedes mine and for general working capital purposes.
N. Eric Fier, CEO, commented, “Marking another significant milestone for SilverCrest, Q1, 2023 was our first full quarter of production since Las Chispas was declared commercial in November 2022. We generated $19.3 million of net free cash flow allowing for accelerated debt prepayment of $25.0 million and a robust quarter end cash position of $45.8 million.”
The Company intends to use the net proceeds of the offering to further advance studies at the Esperanza Gold Project, exploration and drilling activities at the silver projects and general working capital purposes.
“We are very excited with MCR’s progress at the SDA Plant,” says Joanne Freeze, President and CEO of Xali Gold. “The Profit Sharing Agreement with MCR and the same with Sun River Gold on the El Oro Tailings project will allow us to put our assets to work and provide cash flow while we continue to evaluate other opportunities.”
Fortuna Silver Mines Inc. is pleased to report that the illegal blockade at its San Jose Mine in Mexico has been lifted. Compañía Minera Cuzcatlán and union workers have reached an agreement to resume operations at the mine and processing plant which recommenced on May 10 at 7:00 p.m. local time.
“As we continue our growth in silver production, silver revenues are now exceeding gold revenues for the second consecutive quarter,” said Phillips S. Baker Jr., President and CEO. “Greens Creek had excellent operational performance achieving record throughput and very strong silver and record gold production, and Lucky Friday exceeded 1.2 million ounces of silver production for third time out of the last four quarters.”
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