Luis Marchese, CEO of Sierra Metals, commented, “Following a difficult start to the year, the Company continues on its path towards operational recovery. During the first quarter, lower throughput and grades resulted in a decrease in the production of all metals along with significant increases to cash costs and all-in sustaining costs at both Yauricocha and Bolivar.”
Craig Gibson, President and CEO of the Company, stated, “Work at Los Pavitos has successfully delineated areas with high gold grades in the Las Auras, Santa Cruz and Oromuri areas. To date about 75% of the main area of interest has been covered with first-pass geological mapping and sampling. Newly recognized structures that are parallel to some of the main mineralized trends have also been identified.”
Peter Hawley, President, CEO reports; “As mentioned before, the past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed.”
“Our first quarter performance was strong, putting us on track to achieve our 2022 production guidance,” stated Dan Dickson, CEO of Endeavour Silver. “High-grade ore at Guanacevi was a driving force and is expected to continue throughout the balance of the year, while production at Bolanitos remains solid.”
“In the quarter, we continued to focus on our Los Ricos project as we continue to advance our second 100,000 metre drill program,” said Brad Langille, President and CEO. “Parral continues to produce for us, providing meaningful cash flow contributing to the general and administrative costs and the Los Ricos exploration budget.”
“The first quarter of 2022 demonstrated the potential of the Cosalá Operations” stated Americas Gold and Silver President & CEO Darren Blasutti. “With strong silver, zinc, and lead prices, the Company generated positive operating cash flow, significantly improved the Company’s balance sheet, and funded the Galena Complex growth capital, which will allow the Galena Complex to double silver production over the next two years.”
“As we indicated in our February 23, 2022 news release, our operations experienced high levels of workforce absenteeism in January and early February due to the Omicron variant of COVID-19. Workforce deployment is now back to more normal levels, and we are maintaining our guidance for 2022 with production weighted to the second half of the year.”
Infinitum Copper Corp. is pleased to announce that Ms. Melinda Hsu has joined the Company as Chief Financial Officer, Corporate Secretary and Treasurer.
McEwen Mining Inc. today reported its first quarter results for the period ended March 31st, 2022.
SilverCrest Metals Inc. is pleased to report the Company’s unaudited financial results for the first quarter of 2022.
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