All three of our mines continue to deliver strong operational and financial results with each generating positive free cash flow,” said Phillips S. Baker Jr., President & CEO.
James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”
“The revised agreement provides the Company with additional financial flexibility to complete, effectively extending the second-year commitments over a two-year period, and extends the overall agreement by an additional year,” commented Brian Goss, Interim CEO and Director.
“Improved production rates and higher metal prices during the quarter generated record revenues for the business,” stated Keith Neumeyer, President & CEO.
Alamos Gold Inc. today announced the appointment of Luc Guimond as Chief Operating Officer effective September 1, 2022.
“Torex delivered solid results across multiple fronts in Q2. Our strong production, combined with ongoing discipline in cost containment, resulted in robust revenue, operating cash flow, and free cash flow generation this quarter.”
Discovery Silver Corp. announces the Company is filing an Amended Technical Report titled Preliminary Economic Assessment of the Cordero Silver Project, Chihuahua State, Mexico, dated July 27, 2022.
“We benefit from a consistent strategy, exceptional assets, an exciting growth pipeline and a very strong balance sheet. We are well placed to deliver on our objectives this year. We look forward with determination and confidence.”
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “While we are highly disappointed with the news from San Celso meaning we have not secured access to advance the project as previously planned, we are encouraged by the anomalous results from the Donovan 2 assays, even though they lack any single assays that investors may deem ‘economic’.”
“We report another strong year of earnings from mining operations of $5.3million and net income of $0.05 per share. In addition, we have accumulated over $8.8million in cash at April 30,2022, which does not account for the $1.2 million private placement completed this month which is slated for additional exploration on our properties,” reported Robert Eadie, Chief Executive Officer.
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