“We realized another good quarter at Platosa, with financial results partially impacted by delayed processing and delivery of ore and concentrate at the quarter-end by weather conditions,” stated Brendan Cahill, President and CEO.
The TSX Venture Exchange is still reviewing the filing documentation pertaining to an assignment of debt and security agreement dated May 11, 2021 between the Company, Denman Island Chocolate Ltd. (Daniel Terry) and Regal Resources Inc., whereby the Company can acquire 100% of the Assignor’s interest in a series of loan agreements between the Assignor and Regal.
These include royalty interests in the Gediktepe and Yenipazar projects in Turkey, as well as interests in a number of exploration and development stage projects across the Americas owned by various operators, including Nevada Gold Mines, Industrias Peñoles, Endeavour Silver, Aftermath Silver, Argonaut Gold and AbraSilver Resource.
Altaley Mining Corporation’s management advises that there is no operational or financial reason for the decline in the Company stock trading price over the past two days. Management would like to reassure investors and shareholders that day-to-day operations at both the Campo Morado Mine and the Tahuehueto Project continue as normal.
Carlos Silva, Santacruz’s CEO, stated, “At Zimapan we continue to execute on our strategy of increasing the tonnage mined from the Lomo del Toro mineralized zone and we are now starting to see the benefits of blending this mineralized material with that from the Carrizal and Monte mines. We have also completed adjustments to the milling facility which have improved the operation of the crushing and filtration circuits.”
“We end the year with strong earnings from mining operations of $6.4million and net income of $0.06 per share, thanks to the cost savings measures implemented 6 quarters ago and to our steady production,” reported Robert Eadie, President and C.E.O. “We start the next fiscal year with strong cash reserves and are looking to expand our resources through exploration and acquisitions.”
“We had a successful quarter on the exploration front at Young-Davidson and Island Gold with results from both operations highlighting the significant upside potential, in particular at Island Gold where we reported the best hole ever. Our other internal growth initiatives continue to advance, including work on the Phase III expansion at Island Gold, construction of La Yaqui Grande, and permitting at Lynn Lake. All support our strong long term outlook with production potential of approximately 750,000 ounces per year at substantially lower costs by 2025.”
Gold Resource Corporation declared its quarterly dividend of one cent per common share for the third quarter of 2021 payable on September 30, 2021, to shareholders of record as of September 15, 2021.
“Nomad’s portfolio continues to show its strength with some significant developments at our key assets during the quarter,” stated Vincent Metcalfe, CEO of Nomad Royalty Company Ltd.
“Our sound operational platform and stable financial position has given us the flexibility to increase our exploration spending in 2021, and advance our pipeline of development projects, which is expected to provide additional shareholder value in the coming months and years.”
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