“The operations had strong silver production in October which is expected to continue for the balance of the year, positioning the Company to meet the lower end of its full year silver production targets following a difficult Q3-2023,” stated Americas President and CEO Darren Blasutti.
“The amendment to the MIA is the last environmental approval required for the operational phase of the Media Luna Project and allows us to move forward with the deposition of tailings into the mined-out Guajes open pit. The switch to in-pit tailings deposition from filtered and dry-stacked tailings will coincide with the planned commissioning of the copper and iron sulphide flotation circuits as well as concentrate filtering and handling facilities.”
A company news release said Vale has signed an agreement to have rotor sails installed on the Valemax-class ship, Sohar Max, which is 362 metres long, 65 metres wide and able to carry up to 400,000 metric tonnes of cargo.
We very much put the creation of shareholder value at the forefront of our Glencore deal: Teck CEO
Prime Chief Executive Officer Daniel Kunz commented, “With 51,000 metres drilled to date and six drills now turning, we are well on our way to completing 2023’s planned 60,000 metre drill program at Los Reyes. Recent results from both expansion and generative drilling continue to demonstrate solid potential to contribute to resource inventories and develop an outstanding high-grade gold-silver project.”
“In late Q2, the mine returned to the level of monthly production planned for the 2023 – 2024 fiscal year, as well as recovering additional ounces over budgeted amounts to make up for the lower than planned production in Q1,” stated Salvador Garcia, Chief Operating Officer.
“We expect to close out 2023 on a solid note with the fourth quarter forecast to be the strongest quarter of production, driven by higher open pit grades now that the period of elevated waste stripping is behind us. Our confidence in achieving full year production guidance of 440,000 to 470,000 ounces is supported by October gold production of 41,450 oz, which included 105 hours of planned maintenance in the process plant at the start of the month.”
Tony Makuch, CEO, states: “We made significant advances at Cordero during and subsequent to the third quarter of 2023. The submission of our Environmental Impact Statement, the principal permit required for the development of Cordero, represents a major milestone for the Company.”
“We made measurable progress in the third quarter delivering a solid performance at our existing operations. Despite the early challenges and a slower than expected ramp-up, we achieved commercial production at our flagship asset, the Magino mine, after the quarter end. This achievement coupled with strong performance at our Florida Canyon mine is a testament to our team who has worked diligently to optimize our operations.”
“We’ve been trying to discuss how Ganfeng and the government can work together,” Bacanora chief executive officer Peter Secker said in an interview Thursday. “Whether they want to do it on an economic basis or on a joint venture basis, we would be happy to work with them in any manner that is commercially viable.”
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