Ramp up of the Juanicipio plant continued to be the focus during the quarter with the plant reaching its target milling rate of 4,000 tonnes per day in September, marking a step change in performance relative to the comparative quarter and a successful transition to a fully independent producer.
Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to confirm we have successfully completed the safe ramp-up of our new Juanicipio mine which is now running at nameplate capacity in line with our forecast timeline. It is having a positive impact on both silver and gold production year to date, helping to offset the lower production at Noche Buena as it nears its end of life, with higher production of both lead and zinc further supporting our overall performance. We remain on track to meet our full year production guidance.”
“Esta situación se ha magnificado por algunos grupos opositores de la minería, desafortunadamente estos grupos opositores no son, en muchos casos, igual de respetuosos como en muchos casos lo son tanto las empresas como las organizaciones del sector minero”, aseguró Karen Flores, directora general de la Camimex.
Akiba Leisman, Chief Executive Officer of Mako states that, “Since August 14th, after permits to begin mining Las Conchitas were received, and bulk sample mining was fully ramped up at Las Conchitas, the mine has been operating at record levels. September was an all-time record of 3,817 ounces recovered, and October is on pace to significantly exceed this.”
Xali Gold Corp. is pleased to advise that the previously announced agreement to buy back a 1.5% Net Smelter Return royalty over the Casua Property from Minera Silex Peru S.R.L., held by Golden Minerals Company has now been completed and duly registered in Peru.
Defiance Silver Corp. is pleased to announce the appointment of George Cavey P.Geo., to its Board of Directors replacing Dunham L. Craig.
Silver Viper Minerals Corp. announced today that, further to its press release April 6, 2023, it has amended the terms of the Rubi-Esperanza Option Agreement with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project located in the Sierra Madre of eastern Sonora State, Mexico.
Eric Caba, President and CEO of Bear Creek, states, “Mercedes did not achieve the level of gold production that we had anticipated for Q3 2023. While the efforts we have made at Mercedes to increase development, decrease costs, eliminate operating inefficiencies, and improve staffing have been largely successful, it is taking longer than anticipated for these measures to be reflected in production. As a result, we are revising our gold production guidance for 2023 to 39,000 – 45,000 ounces.”
The 2023 Technical Reports, titled “Mineral Resource and Mineral Reserve Update, Los Gatos Joint Venture, Chihuahua, Mexico” dated October 20, 2023, support the disclosure made by the Company in its September 6, 2023 press release announcing an updated Cerro Los Gatos mineral reserve, mineral resource, and life of mine plan.
Bear Creek Mining Corporation is pleased to announce that further to the Company’s news releases dated May 30, 2023, July 5, 2023, September 13, 2023 and September 21, 2023, the Company has issued a secured convertible promissory note in the amount of US$26,632,458 to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp.
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