Category: Investor’s Corner

“Closing this Accendo Mid-Term Loan Facility Agreement, the final part of the Accendo Syndicate financing triggering the 2nd tranche of the Empress Royalty Silver Stream completes our planned capital raise, providing the pathway to finalize our construction program at our flagship Tahuehueto Gold Mine Project. Tahuehueto’s construction program is in full swing and making excellent progress and closing this Accendo loan agreement allows Altaley to accelerate construction, with the goal of allowing Tahuehueto to achieve initial pre-production near the end of 2021,” states Ralph Shearing, CEO.

Based on the favourable condition of the mine, the Company anticipates that both the mine and the mill will be operating by the end of August 2021 and for the Cosalá Operation to be at full capacity by the start of Q4-2021. The operation also has approximately 70,000 tonnes of ore in stockpile that can be processed as a contingency.

Vizsla President and CEO, Michael Konnert, commented: “The acceleration of the options and taking full ownership of the entire district within 20 months of signing is a major achievement for Vizsla Silver and speaks to our confidence in the Panuco District.”

“Platosa delivered a fourth consecutive quarter of production at historically high productivity rates,” stated Brendan Cahill, President & CEO. “We continue to see room for improvement, with our ongoing work to improve recoveries at Miguel Auza and, additionally, a sizeable inventory of ore and concentrate at quarter-end due to mill maintenance and weather conditions in late June.”

Newmont Corporation today announced that its Board of Directors declared a quarterly dividend of $0.55 per share of common stock, payable on September 23, 2021 to holders of record at the close of business on September 9, 2021.

“Looking ahead to the second half of 2021, we anticipate seeing an improvement in production results over the first half of the year as we continue to manage the implications of COVID-19 using best practices. Our goal continues to be avoiding any mine closures while ensuring that strict protocols remain in place to protect the wellbeing of our employees as well as the local communities.”

Thomas A. Doyle, President and CEO stated ‘Aloro has worked with Dave since the 4th Quarter of 2020. I look forward to working with Dave in a more expanded capacity going forward.’

The San Jose Mine produced 1,624,394 ounces of silver and 10,266 ounces of gold in the second quarter of 2021 with average head grades for silver and gold of 205 g/t and 1.30 g/t, respectively; 4 percent above and in line with plan.

Mexican Gold has engaged JDS Energy & Mining to conduct the PEA. It is estimated that the PEA will be completed and results reported within the next three weeks.

“Our operations continued to advance their primary objectives during the quarter. Rainy River had another solid operational quarter and is positioned to have a stronger second half of production. As we start the third quarter, the mine has now successfully transitioned from focusing on stripping, and we are now seeing a marked improvement in grades through the first half of July.”