Paddy Nicol, CEO of Orogen, commented: “We are happy to report another profitable quarter, supported by strong royalty revenue, a sustainable prospect generation business, and reduction in overhead and G&A expenses. This resulted in a 178% increase in cashflow from operations from the previous quarter which further strengthens the company’s balance sheet.”
After conducting further due diligence and considering the newly proposed changes to the Mining Law by the current Government of Mexico and the difficulties in obtaining a surface use agreement from the Quitovac Comunidad, Aloro feels that it is not in the Company’s best interest to proceed.
James Anderson, Chairman & CEO of Guanajuato Silver, said, “Over the past twelve months we have made great strides in bringing our newly purchased mining assets back into optimal production. Significant infrastructure investments made since August of last year include: the rehabilitation of the Cata shaft; the installation of a new locomotive haulage system and the establishment of an environmentally superior tailings backfill system at VMC; the installation of new Falcon concentrators at both of our Guanajuato processing facilities; and the development of new mining areas at Santa Cecilia, San Ignacio, and Topia.”
“The addition of the assets from the Yamana transaction has resulted in a significant increase in Pan American’s reserve and resource base,” said Christopher Emerson, Pan American’s Vice President of Exploration and Geology. “Our exploration and geology teams are currently designing the drill programs across the combined portfolio with an emphasis on near site exploration and further resource conversion. Pan American plans to complete over 480,000 metres of drilling in 2023.”
Glenn Jessome, President and CEO, stated: “Based on representative samples from the Sulphide, Black Shale and Surface Stockwork Zones, we are pleased to report very high silver, gold and base metal recoveries. For flotation tests of the Sulphide and Black Shale Zones we note tremendous recoveries of 96 to 98% total silver equivalency for the milling process on the underground deposit; and for the open pit heap leach column tests we note that silver equivalency recoveries average above 78%, which represents a high recovery for a low-cost leaching process.”
“The drilling at Palos Verdes this year has been focussed on drilling areas that have not been drilled previously because they were not accessible under our previous environmental permit,” said Craig Gibson, President and CEO of the Company.
Tony Makuch, CEO, states: “We are very pleased to welcome such high-calibre industry professionals that significantly strengthen our board and management team. These new additions bring a long and successful track record in the permitting, construction and operation of large-scale mining projects globally with significant experience working in Mexico. This provides Discovery with a strong foundation built on pertinent industry experience to progress Cordero toward development and operations.”
Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has recently received positive ratings from four research firms, according to a report by Bloomberg. These analysts have given the stock a “Buy” rating, indicating their confidence in the company’s performance. The average twelve-month price objective among these analysts is $6.04.
Stocks in Toronto regrouped in a big way Wednesday, enjoying triple-digit gains, led by resource stocks.
Long-established in the Metals & Mining industry, Golden Minerals Co (AUMN, Financial) has enjoyed a stellar reputation.
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