All three of our mines continue to deliver strong operational and financial results with each generating positive free cash flow,” said Phillips S. Baker Jr., President & CEO.
“Improved production rates and higher metal prices during the quarter generated record revenues for the business,” stated Keith Neumeyer, President & CEO.
Alamos Gold Inc. today announced the appointment of Luc Guimond as Chief Operating Officer effective September 1, 2022.
“Torex delivered solid results across multiple fronts in Q2. Our strong production, combined with ongoing discipline in cost containment, resulted in robust revenue, operating cash flow, and free cash flow generation this quarter.”
Discovery Silver Corp. announces the Company is filing an Amended Technical Report titled Preliminary Economic Assessment of the Cordero Silver Project, Chihuahua State, Mexico, dated July 27, 2022.
“We benefit from a consistent strategy, exceptional assets, an exciting growth pipeline and a very strong balance sheet. We are well placed to deliver on our objectives this year. We look forward with determination and confidence.”
“We report another strong year of earnings from mining operations of $5.3million and net income of $0.05 per share. In addition, we have accumulated over $8.8million in cash at April 30,2022, which does not account for the $1.2 million private placement completed this month which is slated for additional exploration on our properties,” reported Robert Eadie, Chief Executive Officer.
“Exploration work in this high-grade gold-silver district continues to deliver results that highlight the significance of the El Refugio hydrothermal system first identified in 2020. Drilling at El Refugio and peripheral to the maiden resource area identifies this as a major upwelling feeder zone in the district with drill core observations providing indications of significant additional depth potential.”
Gold Resource Corporation declared its quarterly dividend of one cent ($0.01) per common share for the third quarter of 2022 payable on September 30, 2022, to shareholders of record as of September 15, 2022.
Revenues decreased by $1.9 million in Q2 2022 compared to Q2 2021, driven primarily by negative provisional pricing adjustments ($1.0 million variance), lower realized silver prices, lower lead and zinc payable metals sold, partially offset by increased lead and zinc prices. H1 2022 revenues decreased by $3.2 million compared to H1 2021, impacted primarily by the Labour Action, which eliminated production for the month of March 2022 and the Q2 variances discussed above.
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