When we completed the initial PEA in December 2023 it was clear there was additional value to be unlocked at Santo Tomas. Upon careful analysis, a staged approach to the mine expansion and a focus on exploiting the higher-grade near surface material in the early years of mining has unlocked a considerable increase in value.”
United States Antimony (NYSE:UAMY) +5% in early trading Monday and up more than 40% since August 15 after China said it will impose export controls on some antimony products starting September 15, adding to measures imposed by the government since last year to curb shipments of strategic minerals.
Radius Gold Inc. and joint venture partner, Volcanic Gold Mines Inc. reports that Volcanic has fulfilled the modified Option Agreement and earned a 60% interest in Radius’s Holly and Motagua Norte Properties in Guatemala by spending US$7 million in exploration expenditures.
Dr. Hennigh commented: “I am delighted to join the board of Barksdale. The large potential of the Sunnyside Project is one of the most compelling exploration stories I have seen in my career.”
Processing has resumed at the Guanacevi mine site. Temporary modifications have been completed within the plant to re-purpose one of the regrind mills as the primary ball mill which is currently milling at a rate of 400 tonnes per day.
Starcore International Mines Ltd. announces production results for the first fiscal quarter ended July 2024, at its San Martin Mine in Queretaro, Mexico.
A committee in Mexico’s lower house of Congress passed two constitutional reforms on Wednesday that would prohibit open-pit mining and fracking.
“Q2-2024 was a strong quarter for the Company and an initial demonstration of what our operating assets can deliver as we transition to over 80% silver revenue over the next year,” stated Americas President and CEO Darren Blasutti.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “Strong metal prices significantly bolstered our average realized price per silver equivalent ounce sold. Coupled with robust production, Santacruz delivered a solid financial performance in Q2 2024, achieving $70 million in revenue and nearly $16 million in gross profit.”
Greg McKenzie, President and CEO, commented: “We are pleased with the high-grade results within Central Rosarios, now with six intercepts exceeding 1,000 g/t Ag.Eq. It is important to recognize this area was predicted to be blank. The results reported today extend the high-grade mineralization up to 128 m below the Indicated and Inferred Resources identified by SRK and we anticipate the drilling will have a positive impact on future Mineral Resources, both in terms of tonnage and grade.”
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