Mines

Endeavour Silver Produces 1,073,724 oz Silver and 11,166 oz Gold for 2.0 Million oz Silver Equivalents in Q2, 2021

Retrieved on: 
Thursday, July 8, 2021
Ounce, Bullion coins, Mining, Mid West, Mines

VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports production of 1,073,724 silver ounces (oz) and 11,166 gold oz in Q2, 2021, for silver equivalent (AgEq) production of 2.0 million oz at an 80:1 silver:gold ratio.

Key Points: 
  • VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports production of 1,073,724 silver ounces (oz) and 11,166 gold oz in Q2, 2021, for silver equivalent (AgEq) production of 2.0 million oz at an 80:1 silver:gold ratio.
  • Production continues to outpace the 2021 production guidance of 6.1-7.1 million silver equivalent ounces, totaling 3.9 million AgEq oz for the 6 months ended June 30, 2021.
  • Consolidated Production Ahead of Plan: Silver equivalent production at each mine is on track to meet or exceed 2021 production plans.
  • Metal Sales and Inventories: Sold 1,120,266 oz silver and 9,810 oz gold, held 459,659 oz silver and 1,891 oz gold of bullion inventory and 12,159 oz silver and 944 oz gold in concentrate inventory.

Transition Metals Enters into Binding Letter of Intent for the Sale of Its Mongowin Gold Property, Ontario

Retrieved on: 
Monday, June 14, 2021
Mining, Occupational safety and health, Strathy Township, Mines

The historical gold mines form part of what is been referred to as the Huronian Gold Belt, one of the earliest gold producing regions of Ontario.

Key Points: 
  • The historical gold mines form part of what is been referred to as the Huronian Gold Belt, one of the earliest gold producing regions of Ontario.
  • Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries in Canada.
  • The Company has an expanding portfolio that currently includes more than 25 gold, copper, nickel and platinum projects across Canada.
  • MacFarlane Lake Mining is a newly formed private company focused on the exploration and development of high grade gold projects in Ontario.

Gatos Silver Extends Mineralization at Cerro Los Gatos and Commences Drilling at the Esther Zone

Retrieved on: 
Thursday, May 13, 2021
Mining, Minerals, Natural Resources, Mining, Mines

b'Note: Based on a cut-off grade of 100 g/t silver equivalent using metal prices of $22.30/oz silver, $0.97/lb lead, and $0.91/lb zinc.

Key Points: 
  • b'Note: Based on a cut-off grade of 100 g/t silver equivalent using metal prices of $22.30/oz silver, $0.97/lb lead, and $0.91/lb zinc.
  • Metallurgical recoveries were not considered.\nHistorical drilling at the Esther zone was comprised of 40 widely spaced holes drilled between 2009-2010 and represents only an initial phase of exploration.
  • The 2021 program includes a plan for 59 holes at 50-meter spacing comprising 19,000 meters.
  • To-date, 14 zones of mineralization have been defined within the district and all are characterized by silver-zinc-lead epithermal mineralization.

Boliden: Production capacity in Aitik and Tara restored

Retrieved on: 
Tuesday, April 6, 2021
Aitik, Mining, Mines, Boliden AB, Tara Mine

BOLIDEN, Sweden, April 6, 2021 /PRNewswire/ -- Production capacity in Aitik and Tara is now fully restored after previously announced disruptions due to covid-19 and breakdowns.

Key Points: 
  • BOLIDEN, Sweden, April 6, 2021 /PRNewswire/ -- Production capacity in Aitik and Tara is now fully restored after previously announced disruptions due to covid-19 and breakdowns.
  • In Aitik, production at the concentrator is now at full capacity.
  • The total production impact in Aitik is estimated at just over 2 million tonnes reduced throughput.
  • Mine production at Tara was resumed as planned about a week after the breakdown of the ore hoist occurred.

Calibre Increases Mineral Reserves by Over 200% to 864,000 ounces of Gold

Retrieved on: 
Monday, March 29, 2021
Mining, Barrick Gold, Mines, Goldfields-Esperance

Limons total Mineral Reserves increased 98% since December 31, 2019 to 568,000 ounces of gold, net of 2020 production.

Key Points: 
  • Limons total Mineral Reserves increased 98% since December 31, 2019 to 568,000 ounces of gold, net of 2020 production.
  • This was driven by Mineral Reserves at the Limon open pits increasing by 137% to 462,000 ounces of gold and Mineral Reserves at Limon underground deposits increasing from 91,000 to 102,000 ounces of gold, both net of depletion.
  • Mineral Reserves at Libertad and Pavon increased from zero on December 31, 2019 to 296,000 ounces of gold at a grade of 4.71 g/t Au, net of 2020 production.
  • Jabali underground added 477,000 tonnes grading 3.92 g/t Au containing 60,000 ounces of Mineral Reserves while Jabali open pits contributed 139,000 tonnes grading 4.25 g/t Au containing 19,000 ounces.

Construction of Canadian Malartic Underground Approved, Increasing Life of Mine Gold Production by ~6.9 Million Ounces

Retrieved on: 
Tuesday, February 16, 2021
Mining, Mines, Barrick Gold, Goldfields-Esperance, Canadian Malartic Corporation, Mid West, Largest gold companies

Sandeep Singh, President and CEO of Osisko commented, The construction decision for the Odyssey underground project by Agnico and Yamana secures the Canadian Malartic mine as Osiskos flagship asset for decades.

Key Points: 
  • Sandeep Singh, President and CEO of Osisko commented, The construction decision for the Odyssey underground project by Agnico and Yamana secures the Canadian Malartic mine as Osiskos flagship asset for decades.
  • The Odyssey production forecast only considers about half of the total underground resources comprising inferred resources of 13.58 million ounces (177.5 million tonnes of 2.38g/t gold), as well as indicated resources of 0.86 million ounces (13.3 million tonnes of 2.01g/t gold) using a gold price assumption of US$1,250 per ounce.
  • Open pit mineral reserves are estimated at 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold).
  • In addition, the project contains 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold).

Centerra Gold Completes Sale of 50% Interest in the Greenstone Gold Mines Partnership

Retrieved on: 
Wednesday, January 20, 2021
Mining, Centerra Gold, Gold mining, Kumtor Gold Mine, Mines

TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (Centerra) (TSX: CG) announced today the completion of the previously announced sale of Centerras 50% interest in the Greenstone Gold Mines Partnership (GGM) to an affiliate of the Orion Mine Finance Group.

Key Points: 
  • TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (Centerra) (TSX: CG) announced today the completion of the previously announced sale of Centerras 50% interest in the Greenstone Gold Mines Partnership (GGM) to an affiliate of the Orion Mine Finance Group.
  • Cormark Securities Inc. acted as financial advisor to Centerra and Stikeman Elliott LLP as legal advisor.
  • Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia.
  • Centerra operates three mines, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and the kst Mine in Turkey.

Centerra Gold Reports 2020 Gold Production of 824,059 Ounces Exceeding Annual Guidance

Retrieved on: 
Thursday, January 14, 2021
Mining, Gold mining, Mines, Centerra Gold, Kumtor Gold Mine

TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (Centerra) (TSX: CG) reports fourth quarter and annual production exceeding the upper end of its consolidated 2020 annual gold production guidance.

Key Points: 
  • TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (Centerra) (TSX: CG) reports fourth quarter and annual production exceeding the upper end of its consolidated 2020 annual gold production guidance.
  • Gold production in the fourth quarter was 172,446 ounces including 90,402 ounces of gold produced by the Kumtor Mine, 42,664 ounces of gold produced by the Mount Milligan Mine and 39,380 ounces of gold produced by the kst Mine.
  • Full year 2020 gold production was 824,059 ounces, which exceeded the upper end of guidance, including 556,136 ounces of gold produced by the Kumtor Mine, 161,855 ounces of gold produced by the Mount Milligan Mine and 106,068 produced by the kst Mine.
  • Of note, is the performance at our newest mine, the kst Mine, which exceeded its annual gold production guidance.

Orea Receives Positive Court Opinion on Montagne d'Or Mining Concessions

Retrieved on: 
Tuesday, December 8, 2020
Mining, Mines, Nordgold, OREA, Montagne d'Or mine, Gold mining

"Although the announcement is preliminary, court decisions generally tend to follow the opinion of the reporting judge" commented Rock Lefrancois, CEO of Orea.

Key Points: 
  • "Although the announcement is preliminary, court decisions generally tend to follow the opinion of the reporting judge" commented Rock Lefrancois, CEO of Orea.
  • The Montagne d'Or joint-venture (owned 44.99% by Orea and 55.01% by Nord Gold SE ("Nordgold")) (the "JV") submitted renewal applications for a 25-year period for two core mining concessions in December 2016.
  • The JV also requested that the Court order the Minister in charge of mines render a formal decision prolonging the concessions.
  • In French Guiana, Orea Mining holds a major interest in the world-class Montagne d'Or mine development project.

Atico Reports Financial Results for Third Quarter of 2020

Retrieved on: 
Thursday, November 19, 2020
Outokumpu, Mining, Mines

Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.

Key Points: 
  • Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.
  • Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit.
  • The La Plata project is a gold rich volcanogenic massive sulphide deposit that was the subject of small-scale mining from 1975-1981 by Outokumpu Finland.
  • Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America.