AISC

Endeavour Silver Completes Feasibility Study on the Terronera Project in Jalisco State, Mexico. Robust Economics Supported by Larger Mineral Reserves, Higher Annual Silver Production and Longer Mine Life; Video Webcast and Q&A at 7AM PDT (10AM EDT) Today

Retrieved on: 
Thursday, September 9, 2021

Recovery Improvements evaluate alternatives in grinding and flotation circuits to improve recovery for both silver and gold, and upgrade concentrate quality.

Key Points: 
  • Recovery Improvements evaluate alternatives in grinding and flotation circuits to improve recovery for both silver and gold, and upgrade concentrate quality.
  • Filter Tailings Plant Location evaluate the location of the filter plant below the tailings storage facility to reduce haulage costs.
  • Several identified opportunities remain to enhance the value of the Terronera Project and will be further evaluated during the construction phase.
  • About Endeavour Silver Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates two high-grade, underground, silver-gold mines in Mexico.

Orea Announces New Montagne d'Or Project Design with Significantly Reduced Environmental Impact

Retrieved on: 
Wednesday, September 1, 2021
Guiana Shield, Program, Method, Resource management, Review, Safety, BOARD, KV, Best available technology, OREA, Power, TSF, National instrument, Nature, Concession, Mineral resource estimation, NI, AISC, Perception, BAT, Forward-looking statement, Environment, SEDAR, CEO, Rupture, Industry, Montagne, FSE, Gold, NPV, Saint-Laurent-du-Maroni, Mining, Pandemic, Maripa, Tax, Saindak Copper Gold Project, Forest, Technical report, THE, Phrase, Epidemic, JV, View, IRR, Electricity, Acquisition, BFS, Mineral, Economics, Administrative court, Risk, Multimedia, Metal, News, Compliance, AIF, TSX, C02, Classification, COVID-19, Biomass, Risk management, Renewable energy, Fossil fuel, Dam, Natural gas, Security (finance), Palladium

VANCOUVER, BC, Sept. 1, 2021 /PRNewswire/ - Orea Mining Corp. ("Orea") (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG)is pleased to announce an optimised project design with a remarkable reduction in the environmental impact of the Montagne d'Or Gold Project, located in French Guiana, France.

Key Points: 
  • VANCOUVER, BC, Sept. 1, 2021 /PRNewswire/ - Orea Mining Corp. ("Orea") (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG)is pleased to announce an optimised project design with a remarkable reduction in the environmental impact of the Montagne d'Or Gold Project, located in French Guiana, France.
  • Rock Lefranois, President and CEO of Orea, commented"The JV's success in optimizing the design of the Montagne d'Or mine, significantly reducing its environmental impact, is the culmination of over two years of additional technical and environmental studies in response to public consultations".
  • Quarry sites exclusive to the mining project will be developed to meet the heavy demands for construction material and project timelines and reduce the environmental impact related to the transport of material.
  • In French Guiana, Orea holds a major interest in the world-class Montagne d'Or mine development project and is also advancing the Maripa gold exploration project.

Cerrado Gold Provides Update on Recent Operating Results and Further Details on the Proposed Heap Leach Project at Minera Don Nicolas, Argentina

Retrieved on: 
Wednesday, September 1, 2021
National University of San Juan, University, MDN, Gold, Transport, Resource management, Internal, RC, Knowledge, Mining, NI, Technical, SRK, AISC, Cerrado, CIL, SEDAR, GEO, AGP, Outline, GOLD, Uranium

Gold equivalent (GEO) production in August was approximately 4,500 ozs or an annual run rate of 54,000 ozs p.a.

Key Points: 
  • Gold equivalent (GEO) production in August was approximately 4,500 ozs or an annual run rate of 54,000 ozs p.a.
  • For the remainder of 2021 Cerrado anticipates monthly gold production to average between 4,000 to 4,500 GEO ozs.
  • Cerrado continues to progress its ongoing Internal Preliminary Economic Assessment to develop a gold heap leach operation at its Minera Don Nicols operation in Santa Cruz, Argentina.
  • Recovery curve, summarizing gold recoveries achieved from coarse-crushed bottle roll leach tests for the oxide and mixed zone samples.

Santacruz Silver Reports Second Quarter 2021 Financial Results

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Tuesday, August 31, 2021
Industry, Company, Record, Gold, Veta, Acquisition, Method, Mining, NI, Monte, Lead, MD&A, AISC, Uncertainty, Comisión Federal de Electricidad, Silver, Zinc, Risk, Copper, Failure, Secretariat of Health (Mexico), SEDAR, Rosario Mining Company, COVID-19, Cryptocurrency, Lithium, Palladium, Risk management

(3) The Company reports non-IFRS measures which include Cash Cost per Silver Equivalent, All-in Sustaining Cash Cost per Silver Equivalent, Cash Cost of Production per Tonne, and Average Realized Silver Price per Ounce.

Key Points: 
  • (3) The Company reports non-IFRS measures which include Cash Cost per Silver Equivalent, All-in Sustaining Cash Cost per Silver Equivalent, Cash Cost of Production per Tonne, and Average Realized Silver Price per Ounce.
  • As compared to Q1 2021, the Q2 2021 silver equivalent production increased 19% increase in silver equivalent production reflects improved zinc and copper head grades and improved metal recoveries for silver, zinc and copper realized during Q2 2021.
  • As compared to Q1 2021, the cash cost of production per silver equivalent ounce sold in Q2 2021 decreased by 8%.
  • About Santacruz Silver Mining Ltd.
    Santacruz is a Mexican focused silver company with two producing silver projects (Zimapan and Rosario) and two exploration properties, the La Pechuga property and Santa Gorgonia prospect.

Cerrado Gold Significantly Increases Grades and Throughput in the Second Quarter to Report Highest Gold Production Levels at the Minera Don Nicolas Mine Since Cerrado's Acquisition

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Monday, August 30, 2021
Company, IRR, Quarantine, Monto, MDN, Gold, Net, Acquisition, Euclidean distance, Mining, Government, Economics, PEA, Health, AISC, Carmo, Investment, Cerrado, Silver, Temperature, Safety, SEDAR, CEO, Sale, COVID-19, Income, EBITDA, Animal, Lithium, Palladium, Iron ore

The second quarter saw the company achieve record quarterly production since the acquisition by Cerrado, as well as record throughput rates and head grade."

Key Points: 
  • The second quarter saw the company achieve record quarterly production since the acquisition by Cerrado, as well as record throughput rates and head grade."
  • He continued, "As a result, the Company recorded $2 million in both mine operating margin and operating cash flow during the second quarter.
  • This performance has been in spite of severe COVID-19 restrictions which continue to impose significant interruption to optimizing production and costs.
  • We look to continue to build upon the successful second quarter results to achieve aggressive production objectives for the second half of 2021."

Polymetal: Prognoz fast-track development approval

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Thursday, August 26, 2021
Company, CAPEX, IRR, Moz, NPV, Growth, Engineering, LOM, AG, GHG, Director, The Group, AISC, Board, Polymetal, Polymetal International, Water, Iron ore, Life insurance, Mining

Polymetal announces that the Board of Directors has approved an accelerated development of the open-pit mine at Prognoz with ore processing at the Nezhda concentrator.

Key Points: 
  • Polymetal announces that the Board of Directors has approved an accelerated development of the open-pit mine at Prognoz with ore processing at the Nezhda concentrator.
  • "The decision to process ore from Prognoz at Nezhda ensures optimal allocation of human and financial capital within Polymetal.
  • Fast-track development significantly reduces CAPEX requirements and project execution risks, while bringing cash flows forward and lowering environmental footprint", said Vitaly Nesis, Group CEO of Polymetal.
  • Ore will be trucked by winter road from Prognoz to Nezhda production site (675 km) using contractors.

Polymetal: Half-yearly report for the six months ended 30 June 2021

Retrieved on: 
Thursday, August 26, 2021
Industry, Company, Gold, COVID, Group, Adjustment, Policy, Mining, AISC, TCC, Investment, Silver, Board, EPS, Public expenditure, FCF, Acceleration, GE, EBITDA, Pharmaceutical industry

Revenue in 1H 2021 increased by 12% to US$ 1,274 million compared to 1H 2020 ("year-on-year") driven by higher metal prices.

Key Points: 
  • Revenue in 1H 2021 increased by 12% to US$ 1,274 million compared to 1H 2020 ("year-on-year") driven by higher metal prices.
  • Silver sales were down 19% to 8.0 Moz, due to a lag between silver concentrate production and sales, which is expected to close in 2H 2021.
  • A final dividend for 2020 of US$ 0.89 per share (total of US$ 421 million) was paid in May 2021.
  • The company maintains its 2021 guidance range of US$ 700-750/GE oz and US$ 925-975/GE oz for TCC and AISC, respectively.

Andean Precious Metals Reports Strong Second Quarter

Retrieved on: 
Tuesday, August 24, 2021
Company, COC, Gold, Analysis, Regulation, AISC, TSX Venture Exchange, Forward-looking statement, Financial statement, IFRS, Silver, Public expenditure, Compliance, COVID-19, Mission statement, Risk management

Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions.

Key Points: 
  • Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions.
  • These forward-looking statements may be affected by risks and uncertainties in the business of Andean and general market conditions, including COVID-19.
  • Andean does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
  • (1) Free cash flow, Adjusted EBITDA, COC and AISC are measures of financial performance with no prescribed definition under IFRS.

Cerrado Gold Reports After Tax NPV5% of US$617 Million with IRR of 94.8% in Its Updated Preliminary Economic Assessment at Its Monte do Carmo Gold Project in Brazil

Retrieved on: 
Monday, August 23, 2021
IRR, Population, Gold, Water supply, NPV, Life, Nature, Acquisition, Mining, LOM, Mineral resource estimation, MDC, NI, PEA, AISC, Health, Cerrado, Saindak Copper Gold Project, CIP, Public expenditure, Workforce, SEDAR, CEO, KV, Water, Metallurgy, Porto Nacional, Serra Alta, GOLD, Amusement arcade

Cerrado Gold Conference Call: Sep 1, 2021: 11:00 AM Eastern Time (Details below)

Key Points: 
  • Mark Brennan, CEO of Cerrado Gold, commented, "We are extremely pleased with the results of the PEA.
  • The results demonstrate the tremendous economic potential offered by the development of the Serra Alta deposit as the initial cornerstone operation at our Monte do Carmo project.
  • We continue to explore Serra Alta and regional satellite analogue deposits to determine the full potential of the Monte do Carmo gold district."
  • Total cumulative, after-tax free cash flow over the life of mine is estimated at US$762 million at a $1,600/oz gold price.

PureGold Reports Strong Start to Third Quarter and Provides Outlook for the Second Half of 2021

Retrieved on: 
Friday, August 13, 2021
National instrument, CEO, News, PGM, AISC, Company, National Instrument 43-101, GLOBE, Gold, LSE, Technical report, SAG, CIP, Investment, Mining, Puregold, PUR, Iron ore, Uranium

Daily throughput averaged 703 tpd for the month of July, a 38% improvement compared to the second quarter average.

Key Points: 
  • Daily throughput averaged 703 tpd for the month of July, a 38% improvement compared to the second quarter average.
  • Average throughput is expected to continue to increase steadily up to and beyond nameplate capacity of 800 tpd for the balance of 2021.
  • Cash Costs1 for the fourth quarter, the first full quarter of commercial production, are expected to be in the range of US$1,025 - $1,125 per ounce.
  • AISC1 for the fourth quarter is expected to be in the range of US$1,600 - $1,750 per ounce.