N. Eric Fier, CEO, commented, “We are proud to deliver another quarter of strong financial and operational performance. Our ability to deliver consistent results is a function of the operational and financial flexibility we have created, which was showcased in a number of ways this quarter. The planned mobilization of our new underground mining contractor began in February, with ramp-up of the underground benefiting from excellent cooperation between our new and outgoing contractors leading to a 10% increase in average daily mining rates from Q4, 2023.”

“Today’s results are the best from the 4-T Trend to date and rank as a top five drill intersect in Tocvan’s history of drilling at Pilar. Gold mineralization intersected in hole JES-24-77 is close to surface, projecting to workings exposed along a low rolling ridgeline much like the Main Zone.”

MAG Silver Corp. announces the Company’s unaudited consolidated financial results for the three months ended March 31, 2024.

The Company restarted silver-gold production at the Company’s Velardeña Properties (Durango State, Mexico) in December 2023, but stopped mining at the end of February 2024 and stopped processing mineralized material at the end of March 2024, after determining the initial performance of the mine and processing plant did not achieve the expected mine production ramp-up schedule or initial expected plant concentrate production results.

Prime Chief Executive Officer Scott Hicks commented, “2024 is off to a great start for Prime as our high grade, gold-silver Los Reyes Project in Mexico continues to deliver excellent results. We released exciting expansion drill results from Guadalupe East and generative drill results from Las Primas, which demonstrate similarities in mineralization and potential for underground resource expansion, while expansion drilling at Z-T continues to extend mineralization along strike and at depth.”

Ernesto Balarezo, Sierra Metals’ CEO, comments, “We are pleased to deliver another strong quarter of operating and financial performance. Operationally, Bolivar had a record quarter of metal production, while at Yauricocha the mine maximized production above the 1120 level as development at depth is progressing on track, which will allow us to reach full capacity in the fourth quarter of 2024.”

Starcore International Mines Ltd. reports that it has joined forces with Kappes, Cassiday & Associates to launch an environmental rehabilitation project to clean up mine tailings from the municipality of El Oro in Mexico.

“Since our initial investment at the end of last year, NZEC has made great progress in terms of preparation for oil well workovers at Copper Moki commencing in the second half of May, as well as the Tariki-5 gas development well scheduled for August. NZEC just closed an upsized $5M private placement with a lead order from Charlestown Energy Partners, LLC, which demonstrates the caliber of their assets and the promise of significant near-term progress with their proven and committed leadership team.”

Ross Beaty, Chair of Equinox Gold’s Board of Directors, commented: “I thank all our shareholders for their ongoing support of Equinox Gold as we continue our mission to become a major global gold producer. I am also pleased to welcome our new director, Trudy Curran. Trudy brings a wide range of legal, governance, capital markets and leadership experience and will be a wonderful addition to our Board.”