Gatos Silver, Inc. today reported unaudited operating and financial results for the three months and nine months ending September 30, 2022.
“Our well-established track record of delivering safe and reliable production at El Limón Guajes continues, with 122,208 ounces produced this quarter.”
“In the third quarter, we saw strong production and cash flows from our Mexican operations as San Dimas and Santa Elena saw significant head grade improvements,” stated President and CEO, Keith Neumeyer. “The consolidated Mexican operations, which accounted for approximately 83% of our total production, generated healthy margins at a low AISC of $12.29 per AgEq ounce, or a 20% decrease from the prior quarter.”
“Hecla reported another quarter of solid operational performance as Greens Creek achieved its best ever throughput and Lucky Friday’s production exceeded 1 million ounces for the second consecutive quarter,” said Phillips S. Baker Jr., President & CEO.
Rodrigo Barbosa, the Company’s President and CEO, noted, “Despite the weather, lower copper prices and lower productivity in Honduras, this quarter we increased our production by 5% compared to Q2 2022. We look forward to strengthening our output across all three operations as we move into the fourth quarter, particularly at EPP with higher grades and San Andres where operational efficiencies are expected to take effect.”
Pan American Silver Corp. and Agnico Eagle Mines Limited are pleased to announce that the arrangement agreement with Yamana Gold Inc. which Yamana entered into earlier today has become effective upon the termination today by Gold Fields Limited of the arrangement agreement between Yamana and Gold Fields entered into on May 31, 2022.
Kootenay Silver Inc. announces that it has closed its previously announced brokered private placement offering for gross proceeds of approximately $3.56 million consisting of 39,561,110 units of the Company including the full exercise of the option granted to the Agents, at a price of $0.09 per Unit with a non-brokered portion of the offering for gross proceeds of approximately $1.44 million consisting of 15,994,445 Units at the Offering Price, for aggregate gross proceeds to the Company of $5 million.
Vizsla Silver Corp. is pleased to announce that, due to strong investor demand, it has upsized its previously announced “bought deal” financing from approximately $20 million to approximately $30 million.
Shawn Howarth, President and CEO commented, “We thank all our employees for a safe and successful wind down of operations at Platosa and Miguel Auza in October, as we transitioned both facilities to care-and-maintenance. We are very proud of the cooperation and support received from our communities over the years and we will continue to ensure responsible environmental stewardship throughout care-and-maintenance.”
Pan American Silver Corp. and Agnico Eagle Mines Limited are pleased to announce that Yamana Gold Inc. has executed and delivered the arrangement agreement providing for our previously announced definitive binding offer dated November 4, 2022 pursuant to which Pan American would acquire all of the issued and outstanding common shares of Yamana and Yamana would sell certain subsidiaries and partnerships which hold Yamana’s interests in its Canadian assets to Agnico Eagle, including the Canadian Malartic mine.
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