The net proceeds from the Offering will be used for development activities at the Camino Rojo Oxide Gold Project and at the Cerro Quema Oxide Gold Project, exploration activities, technical studies on the Camino Rojo Sulphide Project, and for general corporate purposes, as further detailed in the prospectus supplement.
“While we are still very committed to and enthusiastic about our gold projects in Mexico, we couldn’t pass up the opportunity to acquire such an exciting gold exploration play in Newfoundland where recent exploration successes have already defined two new gold deposits and several discoveries,” stated Joanne Freeze, President and CEO of Xali Gold.
“I am pleased to report that mining of ore has resumed ahead of schedule in the Urucum Central South pit as the conditions affecting the stability of the west wall have improved significantly,” stated Robert Henderson, President and CEO.
The Board and Management of Sierra Metals continues its evaluation of strategic alternatives and expects to provide an update, at the latest, as part of its scheduled Q2 Consolidated Financial Results call on August 10, 2021.
“The second quarter marked a major milestone for First Majestic,” stated Keith Neumeyer, President & CEO. “The acquisition of Jerritt Canyon not only gave us a new quarterly record in gold production, but it represents the Company’s first major investment outside of Mexico.”
“We are very pleased to report the first full quarter of production data from Rodeo. We completed the planned ramp-up of production during the second quarter, and after the regrind mill was installed at the end of April, plant throughput averaged over 500 tonnes per day in May and June combined. The Company remains on track to achieve our production guidance of between 12,000-14,000 oz gold and 25,000-30,000 oz silver for full year 2021.”
“With steady growth in silver production at the Lucky Friday Mine and solid operating performance from our Greens Creek Mine, we achieved our second highest quarterly silver production since 2016,” said Hecla’s President and CEO, Phillips S. Baker, Jr.
McEwen Mining Inc. reports consolidated production for Q2 2021 was 31,700 gold ounces and 611,800 silver ounces, or 40,800 gold equivalent ounces, compared to 19,200 GEOs in Q2 2020.
Stephen Orr, the Company’s Chief Executive Officer, stated, “The successful completion of this definitive agreement is a significant value-catalyst and deleveraging event for the LGJV. This agreement also reaffirms our commitment to creating value for our Gatos Silver stakeholders while continuing to position Gatos Silver as the prominent “go-to” company for silver exposure. We are grateful for Dowa’s ongoing support to the LGJV and look forward to continuing our accretive relationship.”
John Gomez, President of Inomin says, “La Gitana provides the opportunity to define and develop a substantial gold-silver deposit. We look forward to advancing the project to create significant benefits for all stakeholders.”
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