Golden’s President and Chief Executive Officer, Warren Rehn, commented on the quarter’s results, “Our production at Rodeo continues on plan and is providing good cash flow while we continue to work on the re-start of Velardeña. At Velardeña our recent test-mining showed excellent progress on productivity; however, the dilution control was not up to expectations, mostly due to geologic factors on the San Mateo vein.”
“We delivered steady financial and operating results for the second quarter of 2022, highlighted by solid revenues and mine operating income,” said David Wolfin, President and CEO.
Larry Radford, President & CEO stated: “We were slightly ahead of our operational budget in terms of GEO production during the second quarter, which yielded over 59,000 GEOs, albeit at a slightly higher cost than budgeted due to inflationary pressures on input costs.”
“We successfully replaced 11 million ounces of silver mineral reserves and 96.1 thousand ounces of gold mineral reserves at our producing mines over the past 12 months. Most of our exploration drilling was focused on near-mine exploration at La Colorada, Huaron and Timmins and produced positive results. Most notably, 7.3 million ounces of silver mineral reserves were added at La Colorada, more than replacing the 6.7 million ounces mined,” said Christopher Emerson, Pan American’s Vice President of Business Development and Geology.
“The CLG operation continued to deliver strong operational and financial results in the second quarter,” said Dale Andres, Chief Executive Officer. “Despite weaker silver and base metal prices and industry wide inflationary pressures, we remain on track to achieve the lower end of our 2022 cost guidance range helped by our business improvement projects and by-product credits.”
Prismo Metals Inc. today announced that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company.
“The Copala Vein, located just north of Tajitos, has now become our primary focus for near-term resource expansion at Panuco,” commented Michael Konnert, President and CEO. “Nowhere else in the district have we observed such high precious metals grades over such broad intervals, located just below surface.”
Consolidated Zinc Limited is pleased to advise that the Company has undertaken changes to its Board and management to best manage the additional exploration requirements for the Company following the acquisition of the Pilbara Lithium assets, whilst maintaining focus on maximising returns on CZLs investment in the Plomosas Mine in Mexico.
Sean Roosen, Chair and Chief Executive Officer of Osisko Development said, “The Tintic acquisition added another cornerstone asset to the portfolio and enhances our operating platform in a world-class mining jurisdiction. We are excited about the quality of exploration targets at Trixie, and the areas beyond Trixie within the large wholly owned district. At Cariboo, we are pleased with the progress to date. The ongoing work at the project has advanced our permitting process and bringing us closer to further major milestones.”
US Antimony Corporation (USAC) has entered into a Purchase Option agreement with SB Wadley SA de CV. The agreement has been in negotiations since Nov 22 2021 and was finally signed by both parties on 8 Aug 2022.
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