James Anderson, Chairman & CEO, said, “Over the last two and a half years, Guanajuato Silver has purchased four Mexican silver mines as part of a strategy to grow our business through acquisitions; we are confident in our ability to identify and acquire additional mining assets that would immediately prove accretive to our shareholders. We are therefore strengthening our balance sheet at a time when the challenging market environment has created what we believe are favorable conditions for the procurement of additional opportunities within Mexico’s mining community.”

“During the quarter, silver production from our Mexican operations improved as a result of higher processed tonnes and grades,” said Keith Neumeyer, President & CEO. “San Dimas and La Encantada have been steady producers in the first half of 2023 and Santa Elena is now well positioned for significant production growth in the second half of 2023 as we traverse back into a higher grade area of the Ermitaño mine.”

The Company concluded open pit mining at the Rodeo mine during the month of June and moved to processing of stockpiled material.

The Transaction is proceeding as previously announced in the Company’s news releases dated May 30 and April 14, 2023, and is expected to close in August.

Eric Caba, President and CEO of Bear Creek, states, “As previously reported, delays in development work experienced during the first quarter of 2023 impacted Mercedes’ operations during Q2 2023. This primarily manifested itself in lower grades available to process as we continued to catch-up on development in the mine. During Q2 we started making dramatic changes to the operations by implementing more productive mining methods.”

Riverside Resources Inc. is pleased to provide a summary of its ongoing strategic activities over the past six months and an outlook for the second half of the year.

“We are very encouraged with the high-grade exploration results that have been achieved to date,” stated Keith Neumeyer, President & CEO of First Majestic. “The recent drilling has accomplished multiple goals from confirming new geologically prospective areas to achieving strong intercepts for Resource to Reserve conversion.”