“We delivered another quarter of solid operational results with gold production of 122,200 ounces, driven largely by excellent mill performance with throughput averaging more than 13,000 tonnes per day (“tpd”), record-setting gold recoveries of close to 90%, and sustained elevated underground mining rates at 1,550 tpd.”
Camino Rojo Oxide Mine gold production totalled 28,876 ounces for the third quarter 2022, and 77,580 ounces year to date.
“The ore grades processed at Guanacevi continue to exceed plan, which has positioned the Company to meet the upper end of our improved production guidance. The outperformance is well timed, as we continue to face financial pressure from lower metal prices and inflationary effects on inputs,” stated Dan Dickson, Chief Executive Officer.
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.”
“Hecla reported another strong quarter of operational performance from all three mines as Greens Creek achieved record throughput for the quarter, Lucky Friday’s quarterly production continued to exceed 1 million ounces and the mine has already produced around 90% of last year’s annual production, and Casa Berardi delivered consistent production with the mill continuing the record throughput rates,” said Phillips S. Baker, Jr., President, and CEO.
Sonoro Gold Corp. is pleased to announce that it will undertake a non-brokered private placement offering consisting of up to 3,500,000 units at a price of C$0.15 per Unit, for gross proceeds of up to C$525,000.
James Anderson, Chairman and CEO said, “The settlement of these outstanding payments for Shares is very helpful for GSilver’s working capital position as we move to bring all our mining assets back to full production. Furthermore, this debt settlement demonstrates a major vote of confidence on the part of these key members of management and our main mine contractor, who clearly see value in being shareholders of the Company.”
Regency Silver Corp. is pleased to announce that it has entered into an option exercise agreement with Minera Pena Blanca, S.A. de C.V. pursuant to which Minera Pena has agreed to waive the last exploration expenditure of US$250,000 required to exercise the option for a 100% interest in the Dios Padre property in Mexico.
Starcore International Mines Ltd. reports the results of its annual general meeting of shareholders held on October 6, 2022.
The Company delivered another consistent production quarter with all mines on target to achieve annual guidance for silver and gold. Gold production of 66,344 ounces, a slight increase of 1.4 percent year-over-year, was mainly driven by contributions of 30,032 ounces from the Lindero Mine and 27,130 ounces from the Yaramoko Mine.
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