Shares in Bacanora Lithium rose as much as 30% on Thursday after China’s Ganfeng Lithium, one of the world’s top lithium producers, agreed to buy the shares it does not already own for up to 190 million pounds ($264.5 million).
“Due to the high demand for physical coins and bullion, our online retail store generated $4.8 million in silver sales during the quarter, or approximately 5% of our $101 million in total quarterly revenues, representing a new record in its 13-year online history. Furthermore, due to the current demand, the Company is working with numerous mints and refiners to direct as much silver sales as it can through its online store as possible.”
Rod Antal, President and CEO said, “The first quarter of 2021 represented another strong operational and financial quarter for SSR Mining as we delivered production of 196,094 gold equivalent ounces at an AISC of $1,004 per ounce and generated $77 million of free cash flow.
Warren Rehn, President and Chief Executive Officer of the Company, commented, “The first quarter of 2021 has been transformational for Golden Minerals, as we report results as a gold-silver producer for the first time since 2015.”
“Our Board’s adoption of this increase reflects its confidence in Hecla’s cashflow performance and position as the United States’ largest silver producer,” said Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr.
“The strong performance Hecla has had in five of the last six quarters continued in the first quarter of 2021 with the second highest sales in our history, a new record for EBITDA and gross profit on sales that is about a third higher than the next closest quarter,” said Phillips S. Baker, Jr., President and CEO.
“We reduced our debt position to $27.6 million and ended the quarter with a strong balance sheet with $45.5 million in cash and equivalents. In addition, regional exploration and drilling was ramped up significantly at Tucano from which we are already seeing positive results that should contribute to increases in our mineral resource inventory.”
Equinox Gold Corp. is pleased to announce that Equinox Gold shareholders approved all matters voted on at the annual general meeting held earlier today including the election of management’s nominees as directors, the appointment of KPMG LLP as the Company’s independent auditor, amendments to the Company’s Articles, and acceptance of the Company’s approach to executive compensation.
New Gold announces the appointment of Geoff Chater and Thomas McCulley to its board of Directors, effective May 4, 2021.
Christian Milau, CEO of Equinox Gold, commented: “It’s certainly been a busy start to the year with closing of the Premier Gold acquisition, subsequent integration of the Mercedes Mine and Greenstone Project into our portfolio, and increasing our interest in Greenstone to 60%. We also commenced early works construction at Greenstone, Santa Luz construction is 30% complete and on track for first gold early next year, the Los Filos expansion is underway and we are making good progress opening up the higher-grade Brownie deposit at Mesquite.”
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