“We realized a solid quarter of production from Platosa in Q2,” stated Brendan Cahill, President and Chief Executive Officer. “As we reach the final stages of mining from Platosa, we see greater variability in ore produced, which affects grades and recoveries to some extent. We are continuing to mine at a consistent rate, though still foresee the wind-down of operations in the current quarter, with preparations well underway.”
“Drillhole D-96-03-22 returned the highest-grade intercept from the more than 200,000 metres drilled to date on the La Colorada Skarn project,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “Further infill drilling will provide tighter spacing to help define this high-grade zone, while step out drilling targets extension of the footprint to the west where the mineralization is still open.”
“In the second quarter we saw strong production of 7.7 million silver equivalent ounces, a 20% increase year-over-year,” said Keith Neumeyer, President and CEO. “In the second half of 2022, we anticipate a further 25% production increase in our total silver equivalent ounces. This increase in production is being propelled by significant growth at both the Santa Elena and Jerritt Canyon operations.”
First Majestic Silver Corp. announces it has entered into an equity distribution agreement with BMO Capital Markets and TD Securities pursuant to which the Company may, at its discretion and from time-to-time until June 18, 2023, sell, through the Agents, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$100.0 million.
Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to commence our plan to drill holes to intersect the Palos Verdes vein at significantly deeper levels than the previous drilling. We will be able to test the vein several hundred meters underneath the surface exposures.”
Carlos Silva, CEO of Santacruz, stated; “The second quarter was the first full quarter of results from the recently acquired Bolivian Operations. At our Mexican Operations, commencing Q3 we expect to see increased production from new stopes and a reduction in lower grade mineralized material from development works, which should positively impact AISC at the Zimapan Mine.”
Benjamin Hill Mining Corp. is pleased to announce that the Company’s common shares began trading on the OTCQB July 18, 2022, under the symbol “BNNHF”.
Steve Robertson, President & CEO of Infinitum stated: “We are very pleased to see the support and commitment from investors, during challenging market conditions. Our exploration crew is having a stellar season with many notable achievements at La Adelita this year, including three significant new discoveries with impressive grades.”
Coeur Mining, Inc. today announced the appointment of Jeane Hull to the Company’s Board of Directors and its Audit, Compensation and Leadership Development and Environmental, Health, Safety and Corporate Responsibility Committees effective July 19, 2022.
Aloro Mining Corp. is pleased to report that Alamos Gold Inc. has informed Aloro, that after a drill rig became available, it has resumed its drill exploration program on the Los Venados claims, Mulatos District, Sonora Mexico.
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