“Throughout our history Newmont has taken an industry-leading approach to environmental, social and governance practices. We published our sustainability and climate-focused reports in the second quarter, demonstrating our commitment to responsible mining and doing our part in addressing climate change”
“Closing this Accendo Mid-Term Loan Facility Agreement, the final part of the Accendo Syndicate financing triggering the 2nd tranche of the Empress Royalty Silver Stream completes our planned capital raise, providing the pathway to finalize our construction program at our flagship Tahuehueto Gold Mine Project. Tahuehueto’s construction program is in full swing and making excellent progress and closing this Accendo loan agreement allows Altaley to accelerate construction, with the goal of allowing Tahuehueto to achieve initial pre-production near the end of 2021,” states Ralph Shearing, CEO.
Based on the favourable condition of the mine, the Company anticipates that both the mine and the mill will be operating by the end of August 2021 and for the Cosalá Operation to be at full capacity by the start of Q4-2021. The operation also has approximately 70,000 tonnes of ore in stockpile that can be processed as a contingency.
These highlight intercepts from drill hole 21CLM-159 which were intersected less than 200 metres below surface, fill a significant gap between mineralization identified in this current 2020-21 drill campaign and that identified in the earlier 2012-13 drilling and help build continuity within the known mineralized zones identified at the South Skarn target. Current modelling has identified three panels of mineralization at the South Skarn target, the largest of which can now be traced laterally for approximately 400 metres and up to 580 metres down-dip.
Vizsla President and CEO, Michael Konnert, commented: “The acceleration of the options and taking full ownership of the entire district within 20 months of signing is a major achievement for Vizsla Silver and speaks to our confidence in the Panuco District.”
“Platosa delivered a fourth consecutive quarter of production at historically high productivity rates,” stated Brendan Cahill, President & CEO. “We continue to see room for improvement, with our ongoing work to improve recoveries at Miguel Auza and, additionally, a sizeable inventory of ore and concentrate at quarter-end due to mill maintenance and weather conditions in late June.”
“Despite the challenging weather conditions since late June we have managed to complete the planned process plant commissioning and bring the leaching and recovery systems online at their design capacities. In addition, mining activities to open up the Nicho Norte pit have advanced to a point where we now have sufficient working area to transition to the larger equipment fleet planned for the ramp up to commercial operations.” stated Darren Koningen, CEO.
Newmont Corporation today announced that its Board of Directors declared a quarterly dividend of $0.55 per share of common stock, payable on September 23, 2021 to holders of record at the close of business on September 9, 2021.
“We continue to see strong results from our drilling program at El Orito, with wide zones of good potentially bulk mineable grades surrounding higher grade intercepts,” said Brad Langille, President and CEO. “We are very excited to see that the targets located with our IP geophysical program are yielding great results from drilling, such as those seen in hole LRGO-21-052. We have many additional targets to test over the coming months.”
“Looking ahead to the second half of 2021, we anticipate seeing an improvement in production results over the first half of the year as we continue to manage the implications of COVID-19 using best practices. Our goal continues to be avoiding any mine closures while ensuring that strict protocols remain in place to protect the wellbeing of our employees as well as the local communities.”
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