Category: Investor’s Corner

Carlos Silva, Santacruz’s CEO stated, “We started the year with solid production from all of our assets and are committed to improving operational efficiencies at all our mines, the San Lucas trading company and supporting areas. We are also working closely with JDS Engineering & Mining to complete NI 43-101 compliant Resource and Reserve Estimates for all our producing mines in Mexico and Bolivia, which will provide us with additional life of mine planning information. These reports are expected to be released during the third quarter of this year.”

“Prismo looks forward to working closely with the joint technical committee and the Vizsla exploration team to advance our mutual understanding of this long-underexplored, high-grade silver-gold district. We look forward to the combined Prismo-Vizsla brain-trust unraveling the geology to unlock the potential of Palos Verdes and the entire Panuco district.”

“We are thrilled to collaborate with Dr. Peter Megaw and Dr. Craig Gibson and establish this technical committee,” commented Michael Konnert, President and CEO of Vizsla Silver. “By combining our strengths and expertise, we significantly improve our odds for making additional discoveries in the central and eastern portions of the vastly under-explored Panuco district.”

“With the initial concentrate shipments behind us our attention is now on achieving commercial production at Juanicipio. We have experienced some really promising days with milling rates at or around 4,000 tonnes per day. Our goal is to transform these good days into solid quarters and solid quarters into outstanding years,” said George Paspalas, MAG Silver’s President and CEO.

Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to report a solid start to the year. Silver and gold production are both up on the previous quarter driven by the increasing contribution from our new Juanicipio mine and the strong performance at our Herradura gold mine in particular.”

“Our 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,” stated Allen Palmiere, President and CEO. “Underground resource expansion drilling is progressing as planned. In addition, the mine is managed by a new leadership team that is already realizing improvements to maximize efficiencies and safety protocols.”

Richard Lock, Oroco’s CEO, commented: “Drill hole N044 remains the best drill hole of the 2021-2023 Santo Tomas drill program and is consistent with prior North Zone drill results. This data correction in no way dampens our enthusiasm for the overall results we have received in our recently completed drill program. We look forward to presenting those results in our upcoming mineral resource estimate.”

Guanajuato Silver Company Ltd. is pleased to announce changes to its senior management team. These changes are designed to support future expansion of the Company’s growing portfolio of mining assets and to augment production from the Company’s wholly owned El Cubo Mines Complex, Valenciana Mines Complex, and San Ignacio Mine in Guanajuato, Mexico, and the Topia Mine in Durango, Mexico.

Radius Gold Inc. is pleased to provide an exploration update for the Tropico gold mineralized “hot spring type” sinter and breccia pipe target within the Fresnillo district, Zacatecas, Mexico. Additionally, Radius proposes a non-brokered private placement of a minimum of 10,000,000 units at a price of $0.175 per unit for proceeds of a minimum of $1,750,000.

Ernesto Balarezo, Interim CEO of Sierra Metals, commented, “Production during the first quarter of the year indicates that we are beginning to realize the benefits of our plan to optimize all aspects of our operations. On a consolidated basis, we achieved a 28% increase in copper equivalent production over the last quarter and a 13% increase over the first quarter of 2022.”