“We closed 2022 with our strongest performance of the year. This included record production and our lowest costs of the year driving stronger free cash flow of $18 million in the fourth quarter. We met our full year production and cost guidance, with the latter coming in below the mid-point of guidance, a solid result given industry-wide cost pressures.”
“A stronger fourth quarter capped off an important year for Coeur in 2022 as we positioned the Company to deliver on a pivotal 2023 composed of several important catalysts, including the mid-year construction completion of the POA 11 expansion project at Rochester,” said Mitchell J. Krebs, President and Chief Executive Officer.
“Mercedes once again delivers on our expectations and we continue to be very confident in the long-term potential for this operation,” states Andrew Swarthout, Director of Bear Creek Mining and the Company’s Qualified Person.
“Our field crew has done a great job locating additional hot spots for drilling,” said Mike Romanik, president of Silver Dollar. “It’s intriguing to find such high-grade assays in and around some of these areas which have never seen a drill hole.”
“Impressive drill results continue to come in for the Eagle,” said Brad Langille, President and CEO. “We expect these holes, along with our previously released drilling results, will provide a very positive impact when we update our Mineral Resource Estimate and Preliminary Economic Assessment at Los Ricos South later this year. “
“Infinitum is pleased to announce receipt of the cash and share component of the Hot Breccia transaction from Prismo metals. The successful closing of this transaction now allows Infinitum to focus on its high-grade district scale La Adelita project in Sonora, Mexico.”
“In expectation of the decrease in production, we are reducing costs temporarily to return to our strategy of producing profitable ounces day by day,” stated Salvador Garcia, Chief Operating Officer of the Company.
Peter Hawley, President and CEO comments; “The planned use of the proceeds of the Private Placement included definition drilling on the Santa Maria Project. Current investment interest allowed either for making required property payments under the Santa Maria Option Agreement or putting the money in the ground by drilling, not both.”
Greg Smith, President and CEO of Equinox Gold, commented: “Equinox Gold finished 2022 with its strongest quarter of production at the lowest costs for the year, bringing full-year production to 532,319 ounces of gold at all-in sustaining costs of $1,622 per ounce. We made significant progress at our assets in 2022, achieving commercial production at Santa Luz, advancing permitting for expansions at both Aurizona and Castle Mountain, completing the Los Filos expansion study and advancing the Greenstone project to 65% complete at year end and over 70% complete today.”
“We continue to have broad based success with our exploration programs having more than replaced what we have mined to drive an increase in our global Mineral Reserves for the fourth consecutive year. Over this time frame, our global Mineral Reserves have increased 8% with grades also increasing 8% as we continue to improve the quality of our Reserve base through higher grade additions at Island Gold and Mulatos.”
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