Category: Investor’s Corner

Ernesto Balarezo, CEO of Sierra Metals, commented, “During the quarter we continued to make tremendous strides in optimizing our strong portfolio of assets. We have been able to maintain Bolivar at desired levels of output and we are happy to see that our efforts at Yauricocha are paying off. We are now well along the process of divesting our Cusi silver mine, obtaining the permit to mine below the 1120 level at Yauricocha and improving our balance sheet. We remain steadfast in our focus to safely grow our business and create long-term value.”

Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, commented, “Our multi-asset portfolio has been able to deliver consistent production so far this year, and in total we have produced almost 17 million silver equivalent ounces, including just over 5 million ounces of silver. While we do expect operations to vary by asset quarter to quarter, our objective is to deliver stable production throughout the year, while at the same time reviewing and streamlining operations to achieve efficiencies and reduce costs.”

Sierra Madre Gold and Silver Ltd. is pleased to announce it has engaged Stantec Consulting International LLC to examine tailings deposition options at the 100% owned past-producing La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico, 130 km southwest of Mexico City.

Goldgroup Mining Inc. hereby announces that, further to the Mining Exploitation and Option to Purchase Agreement described in Company’s news release dated July 7, 2023 and related filings on Sedar+, the Company has exercised its option to purchase all of the issued and outstanding common shares of Minera Cerro Esperanza S.A de C.V. which owns the Company’s previously held Cerro Prieto mining concessions.

“Colibri Resource Corporation’s business mandate is to identify, acquire, explore, develop and monetize precious metals projects in the state of Sonora Mexico which have historically been exploited by artisanal or small-scale hard rock miners and/or surface placer miners. It is Colibri’s assertion, that by following the trail left by the artisanal miners and applying modern technology and methodical exploration techniques to these areas, larger gold and silver resources can be discovered,” said Ian McGavney Colibri’s President & CEO.

Silver Bull Resources, Inc. is pleased to announce that, subject to approval of the Toronto Stock Exchange it intends to complete a non‑brokered private placement of up to 11,685,000 units at a price of C$0.11 per Unit, for gross proceeds of up to $1,285,350.

The PEA demonstrates the potential viability for a nine-year life of mine, open pit, heap leach mining operation with an initial two-year production rate of 4,000 metric tonnes per day and an increase to 12,000 mtpd for the remaining LOM.

Duane Poliquin, Chair of Almaden, stated, “While we await a decision regarding the substance and legality of the Submission, the injunction will prevent the Government of Mexico from declaring “freedom of land” in the area covered by Almaden’s mineral title applications. However, we are acutely aware of the damage already caused to our stakeholders over the past several years by this ongoing arbitrary treatment and we are considering additional legal remedy to address the loss of rights in Mexico.”

“This unnecessary strike has caused significant hardship for all of our employees, contractors, host communities, suppliers and customers,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “We will continue to honor our commitments, comply with the law and the Collective Bargaining Agreement, and work to protect the long-term value of Peñasquito.”

During the third quarter of 2023, the Camino Rojo Oxide Mine produced and sold 32,425 and 31,060 ounces of gold, respectively. Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 110,000 to 120,000 ounces from its initial guidance of 100,000 to 110,000 ounces.