“Leaning on our team’s collective experience in mine building in Mexico with capital and operating costs informed by the recent construction and ramp up of the Santana gold mine, the Cerro de Oro PEA is a game changer for Minera as we strive to reach our initial target of a +100,000 oz/y gold producer,” commented Doug Ramshaw, President.
“We have taken the necessary time to rebuild the 2022 Mineral Reserve and 2022 Mineral Resource from the ground up and are pleased to be able to deliver this update to our shareholders. The 2022 LOM Plan displays low average all-in sustaining costs and strong cash flow until 2028 from our current reserve.”
Great Panther Mining Limited (OTCPK: GPLDK) (“Great Panther” or the “Company”) announces that as part of its ongoing strategic initiative to reposition the Company, three of its directors, Elise Rees, Kevin Ross and Dana Williams, have each resigned from the Board, effective September 30, 2022.
“It is our absolute pleasure to welcome Rick Rule as a Strategic Investor in Empress Royalty and we look forward to closing the final tranche of this financing imminently,” stated Alexandra Woodyer Sherron, CEO & President of Empress.
Prismo Metals Inc. announces the results of its 2022 Annual and Special Meeting of shareholders held on Thursday, September 29th, 2022, in virtual format.
“We are pleased to report on the latest assay data from our maiden exploration drilling program on two highly prospective areas of Diamante. Our second target, La Prieta, exhibited significant intervals of Pb and Zn sulphide mineralization up to a combined 18.35 wt.% Pb+Zn, with elevated Ag and Au, in variably altered andesite and rhyolite locally with shear/fault controls, comprising polymetallic vein-style occurrences within and adjacent to historical artisanal mining,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.
“Combining the results from Infinitum and predecessor drilling shows well mineralized skarn at Cerro Grande ranging from 3 to 36 metres true thickness, over 250 metres depth, a strike length exceeding 200 metres, and is still open in all directions.”
Newmont Corporation today announced that Nancy Buese will step down from the role of Executive Vice President and Chief Financial Officer of Newmont on November 1, as she pursues an opportunity outside of the Company. Nancy will be succeeded by Brian Tabolt on an interim basis as Newmont commences a global search.
Commenting on this appointment, Ramon Davila, President of GSilver said, “I had the pleasure to work closely with Reynaldo while at Luismin S.A. de C.V., and I have followed his accomplished career ever since; he is one of Mexico’s most successful and imaginative geologists who will bring central leadership to Guanajuato Silver’s multiple exploration teams currently working at Topia, San Ignacio, Valenciana and El Cubo.”
Tony Makuch, Interim CEO, states: “The completion of our Phase 2 drill program, consisting of close to 80,000 m in over 250 drill holes, represents another major milestone in the advancement of our Cordero project.”
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