Fortuna Silver Mines Inc. is pleased to report that the Mexican Federal Administrative Court has granted a provisional injunction to Compañia Minera Cuzcatlan, Fortuna’s Mexican subsidiary, which allows the San Jose Mine to continue to operate under the terms of the 12-year environmental impact authorization.
For the year ended December 31, 2022, a total of 646,148 tonnes of mineralized material were processed at an average silver head grade of 520 g/t.
“Fresnillo reports a solid operating result in the fourth quarter, with full year production in line with our guidance. In particular silver output was driven by a strong performance from our Fresnillo mine which is showing consistent improvement and the continued contribution of our new Juanicipio project offsetting the expected lower grades at San Julián.”
“2022 was a pivotal year for the growth of Avino” said David Wolfin, President and CEO. “We were thrilled to close the acquisition of La Preciosa in March, which factors prominently into our growth plan to become an intermediate producer.”
Tony Makuch, CEO, states: “We are extremely pleased with the results from our Pre-Feasibility Study. The PFS positions Cordero uniquely in the silver developer space with a long mine life of 18 years and production averaging over 35 Moz AgEq in the first 12 years of the mine life.”
“We have now delineated approximately 60 million ounces of silver and 508 thousand ounces of gold in the indicated category and 70 million ounces of silver and 496 thousand ounces of gold in the inferred category with significant upside potential remaining in the district.”
“Information collected from the bulk sample and metallurgical test work will give investors even more confidence in the potential of the project and show the possibilities to produce gold and silver from Pilar.”
Discovery Silver Corp. is pleased to announce that Tony Makuch has been appointed Chief Executive Officer effective immediately. Mr. Makuch had been the Interim CEO of the Company since June 2022.
“Hole 118 represents not only the best drill hole drilled by our team at Los Ricos, but it is also the best hole ever drilled by any member of our technical team on any of our previous projects,” said Brad Langille, President and CEO.
As announced on December 8, 2022, the Company previously issued 1,673,000 units at a price of $0.20 per Unit for aggregate gross proceeds of $334,600 under the Offering.
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