“2021 marked another strong year for Endeavour Silver. Our two producing mines – Guanaceví and Bolañitos – generated significant operating cash flow that we are using to extend mine lives and fund future growth,” stated Dan Dickson, CEO of Endeavour Silver.
“One of the most significant drivers to this quarters profitability was the start of initial production from the new Ermitaño mine at Santa Elena which reduced Santa Elena’s overall AISC by 34% to $14.02 per silver equivalent ounce compared to the prior quarter. Furthermore, we anticipate this trend in cost reductions to continue as higher grades and throughputs are achieved at Ermitaño throughout 2022 and 2023.”
The Company intends to use the net proceeds from the Offering for exploration activities, working capital requirements and other general corporate purposes.
Record Production: 2.3 million ounces of silver produced in the fourth quarter of 2021 and 7.6 million ounces of silver produced in 2021.
“The continued impact of the pandemic, combined with the new Mexican labour reform, have presented Fresnillo with operational challenges during the year. More recently, we were all devastated to report the passing of Alberto Baillères, our Honorary Chairman. Don Alberto was a remarkable man. We will miss his guidance, compassion, encouragement and faith.”
Argonaut disposed of the Magna Shares in order to monetize its investment in Magna. Argonaut reserves the right to purchase additional securities of Magna as future circumstances may dictate.
GoGold Resources Inc. is pleased to announce that it has closed its previously announced bought deal offering of 16,146,000 common shares at a price of C$2.85 per Common Share, for aggregate gross proceeds of approximately C$46 million, including proceeds from the full exercise of the over-allotment option to purchase an additional 2,106,000 Common Shares.
Mr. Radford brings over 35 years of technical and operations experience in the mining industry. Most recently, Mr. Radford served as the Chief Operating Officer of Gold Standard Ventures Corporation, where he was responsible for the leading the development of the South Railroad Project, including permitting, feasibility studies and exploration.
Magna Gold Corp. announces that it has entered into an amending agreement in respect of the secured promissory note and guaranty dated February 11, 2021 previously issued by Magna’s subsidiary, Molimentales del Noroeste, S.A., in favour of Auramet International LLC, an arm’s length third party.
“With our geological mapping and sampling team already on the ground at Diamante, we are pleased that Saul Ruiz and his team have completed and filed the drill permitting documents with SEMARNAT.”
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