“In 2022, Newmont replaced depletion and grew reserves by nearly 4 percent as we continued to focus on extending mine life, developing districts and discovering new opportunities in the most favorable mining jurisdictions.”
“Newmont safely delivered on our commitments in 2022 and finished the year from a position of strength, meeting our full year production guidance and generating $4.6 billion in adjusted EBITDA and $1.1 billion in free cash flow. As we look ahead to 2023 and beyond, we expect to steadily increase production and improve costs from our balanced, global portfolio of world-class assets and robust project pipeline.”
“The Galena Hoist project is nearing completion and is expected before H2-2023 while the Cosalá Operations are actively mining the higher-grade silver zones, both of which are expected to boost attributable silver production by over 80% in 2023.”
Michael Steinmann, President and Chief Executive Officer commented: “As expected, our 2022 production was back-end loaded with strong output in Q4, led by Shahuindo and La Arena. Our 2022 silver production was at the top of the revised range provided in November, while gold production was in line with our original operating outlook.”
“We closed 2022 with our strongest performance of the year. This included record production and our lowest costs of the year driving stronger free cash flow of $18 million in the fourth quarter. We met our full year production and cost guidance, with the latter coming in below the mid-point of guidance, a solid result given industry-wide cost pressures.”
“A stronger fourth quarter capped off an important year for Coeur in 2022 as we positioned the Company to deliver on a pivotal 2023 composed of several important catalysts, including the mid-year construction completion of the POA 11 expansion project at Rochester,” said Mitchell J. Krebs, President and Chief Executive Officer.
“Infinitum is pleased to announce receipt of the cash and share component of the Hot Breccia transaction from Prismo metals. The successful closing of this transaction now allows Infinitum to focus on its high-grade district scale La Adelita project in Sonora, Mexico.”
“In expectation of the decrease in production, we are reducing costs temporarily to return to our strategy of producing profitable ounces day by day,” stated Salvador Garcia, Chief Operating Officer of the Company.
Peter Hawley, President and CEO comments; “The planned use of the proceeds of the Private Placement included definition drilling on the Santa Maria Project. Current investment interest allowed either for making required property payments under the Santa Maria Option Agreement or putting the money in the ground by drilling, not both.”
Greg Smith, President and CEO of Equinox Gold, commented: “Equinox Gold finished 2022 with its strongest quarter of production at the lowest costs for the year, bringing full-year production to 532,319 ounces of gold at all-in sustaining costs of $1,622 per ounce. We made significant progress at our assets in 2022, achieving commercial production at Santa Luz, advancing permitting for expansions at both Aurizona and Castle Mountain, completing the Los Filos expansion study and advancing the Greenstone project to 65% complete at year end and over 70% complete today.”
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