Kootenay’s President & CEO, James McDonald states, “The updated resource estimate for La Cigarra is part of our strategy to prepare our 3 resource projects La Cigarra, Promontorio and La Negra for advancement in a bullish silver market while we remain focused on moving our high-grade silver project, Columba towards an MRE.”
“New drill results at Camino Rojo are revealing more about controls on mineralization and hinting at potential for significant expansion below the current Mineral Resource in the Camino Rojo Extension. This data is crucial for our upcoming underground resource estimation, enhancing our understanding of this important part of our growth pipeline.”
“Peter’s appointment further strengthens Newmont’s Executive Leadership Team,” said Tom Palmer, Newmont President and CEO. “Peter brings decades of world-class legal and risk management experience at global organizations, which will be invaluable as Newmont continues to grow, building on its position as the world’s leading gold mining company and robust copper producer. We are excited to welcome him to Newmont.”
John MacKenzie, CEO of Capstone, commented, “The fourth quarter was our best of the year, with consolidated production up 10% and cash costs down approximately 7% quarter-over-quarter, setting us up well for a strong 2024.”
Scott Hicks, Executive Vice President commented, “We begin the new year with approximately CAD$32.8 million in cash. In 2024, our aim is to further illustrate the immense potential of the Los Reyes property through an initial, fully funded 40,000 metres drilling campaign targeting resource expansion and proving up several key generative targets.”
Tony Makuch, President and CEO, states: “2024 is expected to be a transformational year for the Company. Our Feasibility Study is nearing completion and is on track to be delivered later this quarter. The study will incorporate an additional 35,000 m of drilling that highlighted the potential to extend the mine life beyond the 18 years outlined in the Pre-Feasibility Study, as well as the results from recent metallurgical testwork that demonstrated higher silver payabilities and reduced reagent consumption.
N. Eric Fier, CEO, commented, “In our first full year of commercial production at Las Chispas, we exceeded the top end of our 2023 silver equivalent sales guidance. We thank our teams in Mexico and Canada for their outstanding efforts towards this achievement. In Q4, 2023 our underground mine continued the scheduled ramp-up, and slightly exceeded the planned rate for the quarter.”
President & CEO of Angel Wing Metals, Marc Prefontaine stated: “La Reyna hosts a very large alteration zone with a large number of precious metal – bearing veins. One consistently observes small scale historical workings when travelling around the Project.”
“Picacho continues to provide excellent targets and validation for drill testing across the extensive property.” commented Brodie Sutherland, CEO. “We now have defined over seven kilometers of prospective trend that has seen little to no drilling, leaving the area as one of the most prospective and untested exploration properties in the Caborca Gold Belt.
2023 proved to be a pivotal year for Sierra Metals. With a new management team in place and armed with tremendous support from our Board of Directors, we developed and successfully implemented a strategy this year that not only stabilized all aspects of our business, but also put in place a foundation for long-term growth.
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