La Colorada

Pan American Announces Preliminary Economic Assessment of the La Colorada Skarn Project

Retrieved on: 
Tuesday, December 19, 2023

Mineral resources have reasonable prospects for eventual economic extraction demonstrating sufficient spatial continuity of mineralisation constrained within a potentially mineable shape.

Key Points: 
  • Mineral resources have reasonable prospects for eventual economic extraction demonstrating sufficient spatial continuity of mineralisation constrained within a potentially mineable shape.
  • No mineral reserves are reported at this time for the La Colorada Skarn project.
  • Drilling of the La Colorada Skarn deposit has been completed from both surface and underground drill platforms.
  • Pan American implements a quality assurance and quality control ("QAQC") program, including the submission of certified standards, blanks, and duplicate samples to the laboratories.

Pan American Silver Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2023 ("Q3 2023").

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2023 ("Q3 2023").
  • Silver production was at the low end and gold production was slightly below management's guidance ranges for Q3 2023.
  • Silver Segment Cash Costs and All-in Sustaining Costs ("AISC") per silver ounce of $13.13 and $18.19, respectively.
  • A cash dividend of $0.10 per common share with respect to Q3 2023 was declared on November 7, 2023, payable on or about December 1, 2023, to holders of record of Pan American’s common shares as of the close of markets on November 20, 2023.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Pan American Silver Provides an Update on the Restart of Operations at the La Colorada Mine

Retrieved on: 
Wednesday, October 11, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities.

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities.
  • On October 5, 2023, Pan American announced the temporary suspension of operating activities due to security concerns at the mine site and the surrounding area following an armed robbery of two trailers of concentrate from the operation.
  • Pan American and the Mexican authorities will maintain direct communications during the period leading up to the resumption of operations.
  • Pan American does not expect the temporary suspension of La Colorada to have a material impact to its annual consolidated production and cost guidance for 2023, nor to the targeted timing of late 2023 for the release of the La Colorada Skarn preliminary economic assessment.

Pan American Silver Temporarily Suspends Operations at the La Colorada Mine

Retrieved on: 
Friday, October 6, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") has temporarily suspended all operating activities at its La Colorada mine in Mexico due to security concerns at the mine site and the surrounding area.

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") has temporarily suspended all operating activities at its La Colorada mine in Mexico due to security concerns at the mine site and the surrounding area.
  • In response to the current security situation in the area and Pan American’s priority to protect the safety and security of our personnel, Pan American has temporarily suspended operations, project work and exploration at La Colorada.
  • The suspension will continue until Pan American determines it is appropriate to resume operations.
  • Pan American will provide an update on the situation as more information becomes available.

SONORO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Retrieved on: 
Wednesday, July 5, 2023

VANCOUVER, Canada, July 05, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp., (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” and the “Company”) announces the results of its Annual General Meeting of Shareholders (the “Meeting”) held June 29, 2023, in Vancouver, BC.

Key Points: 
  • VANCOUVER, Canada, July 05, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp., (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” and the “Company”) announces the results of its Annual General Meeting of Shareholders (the “Meeting”) held June 29, 2023, in Vancouver, BC.
  • The shareholders voted to re-elect John M. Darch, Kenneth MacLeod, Stephen Kenwood, James Taylor and Curtis Turner to serve as directors of the Company until the next annual meeting of the shareholders.
  • Following the Meeting, the Board appointed Kenneth MacLeod, Stephen Kenwood and Curtis Turner to its Audit and Compensation Committees.
  • Each Unit will be composed of one Sonoro common share and one common share purchase warrant.

Argonaut Gold Appoints New CEO to Lead the Company to the Next Stage of Growth

Retrieved on: 
Thursday, December 8, 2022

TORONTO, Dec. 8, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") announces that Larry Radford will step down as President and Chief Executive Officer (CEO) effective immediately for personal health reasons.

Key Points: 
  • TORONTO, Dec. 8, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") announces that Larry Radford will step down as President and Chief Executive Officer (CEO) effective immediately for personal health reasons.
  • The Board of Directors has appointed Richard Young as President and CEO and Director of the Board of the Company.
  • His experience at Teranga Gold in leading teams that built, commissioned and operated mines will be valuable to Argonaut.
  • Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production.

Argonaut Gold Announces Release Date of Third Quarter 2022 Operational and Financial Results

Retrieved on: 
Tuesday, October 11, 2022

The conference call and replay will be available from 12:00 pm EDT on November 4, 2022 until 11:59 pm EDT on November 11, 2022.

Key Points: 
  • The conference call and replay will be available from 12:00 pm EDT on November 4, 2022 until 11:59 pm EDT on November 11, 2022.
  • Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production.
  • Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA.
  • The Company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America.

Argonaut Gold Bolsters Operational Team with Appointment of Vice President, Canadian Operations

Retrieved on: 
Tuesday, August 23, 2022

TORONTO, Aug. 23, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") announces the appointment ofChuck Hennesseyas Vice President, Canadian Operations effectiveAugust 29, 2022.

Key Points: 
  • TORONTO, Aug. 23, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") announces the appointment ofChuck Hennesseyas Vice President, Canadian Operations effectiveAugust 29, 2022.
  • We welcome Chuck to the Argonaut team," commented Larry Radford, President and CEO of Argonaut Gold.
  • Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production.
  • This press release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Argonaut Gold.