This latest economic update of Cerro Las Minitas is the culmination of a number of technical improvements of the earlier PEA, developed over the last 18 months, which together result in a significant increase in the value of the Cerro Las Minitas asset.
“Construction is well past the halfway mark, and site activities are beginning to peak,” commented Don Gray, Chief Operating Officer. “We are very pleased with the advance at the Upper Platform, which should be ready for dry commissioning in Q3 2024. We are concentrating resources on the Lower Platform to finalize earthworks and begin concrete works in early Q3. Underground mine development continues advancing in line with expectations as we accessed ore in Q2.”
“The second quarter continued to validate the strength and quality of our operations at Juanicipio,” said George Paspalas, MAG Silver’s President and CEO. “We achieved solid milling rates, improvements in recovery and exceptional head grades in a very supportive commodity price environment.”
“The exploration drilling results today round out our first phase of 2024 drilling, showcasing the continued extension of near-surface resources to the southeast” commented Brodie Sutherland, CEO. “The North Hill and Main Zone Trends now extend over 900-meters defined by drilling, while the 4-T Trend extends over 700-meters. All trends remain open to the southeast and northwest and the recent surface sampling highlights a broader footprint expanding to the east. Surface work is ongoing to further define and delineate key target areas across the expansion area.”
Greg Liller, Executive Chairman and COO of Sierra Madre, states, “Since acquiring Guitarra on March 30, 2023, our team has been working hard to get the mine back into commercial production. The commencement of test mining and processing is a significant step in that direction.”
“We are excited to progress our first three vein zones to a maiden resource. Delivering a resource will begin to align our geological advancements with those we have already made on the permitting side,” stated Darrell Rader, President and CEO of Minaurum Gold.
After a grueling 55-day strike, nearly 3,000 workers at ArcelorMittal Mexico resumed work at the company’s steel plant in Lázaro Cárdenas, Michoacán, over the weekend.
Despite a period of uncertainty in the countries where we operate, Grupo Mexico continues with its expansion plans to keep fostering economic growth and wellbeing in these countries. As a result of our sustained investment plan over several decades, as well as a continued focus on cost control, we were able to benefit from the positive copper price environment, showing double-digit growth in all our indicators, led by the excellent results of the Mining Division.
“Silver Viper is thrilled to announce that we now fully own the entire La Virginia Project,” said Steve Cope, CEO of Silver Viper Minerals Corp.
Mr. Rohan Hazelton, CEO and Director of the Company, said: “I am pleased to welcome Alonso to the DynaResource team. His extensive experience in financial management and cost control in junior mining will be a great asset to the company. We look forward to his contributions in improving operations at the San Jose de Gracia mine.”
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