First quarter silver production was marginally below the previous quarter, with the encouraging contribution of development ore from our new Juanicipio project offsetting lower grades at Saucito. I am also pleased to report continued progress at the Fresnillo mine with development rates showing an improvement. Quarterly gold production was ahead of the last quarter driven by the higher than expected grade at Herradura. Construction of Juanicipio is making good progress and we are on track to commission the plant by the fourth quarter.

Matthew O’Kane, Managing Director of Comet Resources, commented “We had a busy Quarter, with exploration programs being advanced at the Barraba and Santa Teresa Projects, as well as acquiring some very prospective new copper-gold projects in the Northern Territory and completing a financing with strategic investors.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

“Q1 2021 operating cash flow of $95 million was the strongest in our fifteen-year history as a producer. Excellent operating performance and cost containment in a higher copper price environment surpassed our expectations,” said Darren Pylot, President and CEO of Capstone.

The funds will be used towards the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico.

The Offering was led by Beacon Securities Limited as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Echelon Wealth Partners Inc.

Ridgestone Mining Inc. is pleased to announce the engagement of Marc Jutras of Ginto Consulting Inc. to prepare an independent National Instrument 43-101 mineral resource estimate for the Guadalupe y Calvo gold-silver project in Mexico.