Due to the inadvertent inclusion of certain tax and depreciation expenses in its calculations, the Company reported the AISC to be US$489.3 million LOM, and US$1,462 per ounce of gold equivalent. The corrected amounts, as reported in the table below, are US$437 million LOM, and US$1,351 per oz. AuEq.
Derek Wood CEO of Tocvan Ventures Commented “We are very please to have negotiated and completed this agreement with Millrock. This is a prime example of the ability of Tocvan to negotiate transactions which we believe add significant accretive value to Tocvan shareholders, while allowing previous operators and landowners to benefit greatly from a successful outcome as Tocvan works to de-risk the property toward economic viability. We like to create win-win opportunities for all stake holders and feel that we have accomplished this with execution of this agreement.”
Nomad Royalty Company Ltd. is pleased to announce, further to its press release dated August 30, 2021, that it has closed its previously announced amended revolving credit facility for US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions.
Chris Ritchie, President, commented, “SilverCrest has adopted a successful systematic and responsible phased approach focused on capital efficiency and risk mitigation. Our team has had tremendous success defining a high grade primary silver resource and reserve and positioning Las Chispas to enter production less than seven years from the first drill hole at the project.”
Michael Konnert, President and Chief Executive Officer of the Company stated: “As all of our efforts continue to be focused on the Panuco silver-gold project in Mexico, we believe that the spin out of the Company’s early-stage copper assets will allow for independent advancement of otherwise non-core assets creating significant shareholder value.”
Tarachi Gold Corp. reports 94.8% average gold recovery (88.4-97.8%) via cyanide bottle roll leaching on Jabali drill core samples of varying grades. Rapid extraction (>90% in 24 hours) confirms cyanidation amenability. CEO Tymstra excited for next steps, including gravity tests and further metallurgical optimization.
The Company began recalling its workers as of September 11, 2021 and commenced re-opening the operation as of September 13, 2021 as the employees arrived on site. Given the favourable conditions of both the mine and mill, new mine production and concentrate is expected to start shipping in October 2021.
Drilling at San Sebastian continued in both the El Bronco and El Toro vein systems. Drilling completed in the El Bronco vein targeted gaps in the drill data. While we have had good vein widths and grades at the current level of drilling at El Bronco, continuity of grade has been challenging.
Greg Bronson, President states. “Completing the Technical Report on the Benjamin Hill property ahead of our inaugural drill program, which is set to commence this fall, is a major milestone in our pursuit of a multi-million-ounce gold deposit.”
“We have steadily built our cash back to $5 million with a strong working capital position,” reported Robert Eadie, CEO and President of the Company. “We are now deploying this cash to further acquire and explore new properties as well as expand exploration at the San Martin mine.”
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