Category: Investor’s Corner

“Metal recoveries were lower than planned this quarter, which impacted revenues and by-product credits,” stated Brendan Cahill, President and CEO.

“The Company has delivered another quarter of improving operational and cost performance from both assets as we continue to advance our short-term operational plan and reposition the company for long-term success. The quarter over quarter improvement in our performance has underpinned the completion of a strategic equity financing during the quarter, which allowed us to reduce our debt position by $100 million and strengthen our balance sheet.” stated Renaud Adams, CEO.

Goldgroup Mining Inc. announces that Keith Piggott and Harry Burgess have resigned from the Board of Directors pursuant to the Company’s Majority Voting Policy.

Leagold CEO Neil Woodyer commented: “Los Filos is on track to produce approximately 200,000 oz of gold in 2019 at AISC of about $950 per oz of gold sold, in line with guidance. We have started the expansion at Los Filos which is expected to double its production during 2021.”

Compañía Minera Cuzcatlán subsidiaria de Fortuna Silver Mines, estudia invertir en una nueva planta minera en México, sin embargo, requiere el apoyo del gobierno para hacer la mediación entre la empresa y las comunidades y hasta ahora no han tenido respuesta de las autoridades.

“Never have I been this excited about Capstone’s future as both Cozamin and Pinto Valley have clear organic growth strategies in place and we are focused on execution to deliver increased stakeholder benefits,” said Darren Pylot, President and CEO of Capstone.

Paul Benson, President and CEO said, “We delivered another strong quarter, with increased production at lower cash costs, which positions us well to meet or exceed guidance for the eighth consecutive year. Our strong operating performance resulted in improved margins, earnings, operating cash flow and free cash flow. Notably, we have an incredibly strong financial position with over half a billion dollars in cash and marketable securities.”

La empresa Fresnillo plc indicó que se ha registrado una consolidación de las empresas mineras a través de adquisiciones, sobre todo hacia finales de 2018 y principios de 2019.

In the Third Quarter, 2019, El Cubo mined lower than planned grades due to narrower vein widths and higher dilution of the V-Ascuncion ore body than estimated. The Company is currently assessing whether more efficient mining practices can reduce dilution going forward. The 2019 drill program intersected high grade but narrow mineralization to extend the V-Asuncion orebody. Endeavour is currently updating the reserves and resources and reviewing operating alternatives including the possible closure of El Cubo.

Taj Singh, President and CEO of Discovery commented, “We are excited to have closed this second financing of 2019 and we welcome Mr. Sprott’s continued support as our largest shareholder as well as the support from our new expanded European investor base. The increased demand for the offering demonstrates improved market sentiment and also investor confidence in our future business plans. Discovery is now solidly financed and is well-positioned to aggressively explore and develop its district-scale silver-rich projects in a rallying precious metals price environment.”