Vancouver, July 29, 2021 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) reports completion of three drill holes, NRC-21-09, NRC-21-10, and NRC-21-11, with a fourth drill hole, NRC-21-12, in progress and nearing completion at the Nora silver-gold project in north-central Durango State, Mexico. The targets of these four drill holes are below and between high-grade gold and silver intercepts from the 2020 drill holes NRC-20-04 and NRC-20-06 on the Candy vein structure, as previously reported in the news release dated July 06, 2021, announcing the start of the drill program. A total of 790 metres of core drilling has been completed since the start of the program in early July 2021.
Month: July 2021
Santacruz Silver Reports Q2 2021 Production of 799,057 Silver Equivalent Ounces
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports its operating results for the second quarter 2021 (“Q2”) from the Zimapan Mine located in Zimapan, Hidalgo, Mexico and the Rosario Project located in Charcas, San Luis Potosi, Mexico.
Alamos Gold Reports Second Quarter 2021 Results
TORONTO, July 28, 2021 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended June 30, 2021.
Gold Resource Corporation Declares Quarterly Dividend
DENVER, CO / ACCESSWIRE / July 28, 2021 / Gold Resource Corporation (NYSE American:GORO) (the “Company”) declared its quarterly dividend of one cent ($0.01) per common share for the third quarter of 2021 payable on September 30, 2021, to shareholders of record as of September 15, 2021.
AGNICO EAGLE REPORTS SECOND QUARTER 2021 RESULTS – STRONG OPERATING RESULTS WITH RECORD SAFETY PERFORMANCE; REINTEGRATION OF NUNAVUMMIUT WORKFORCE UNDERWAY AT MELIADINE AND MEADOWBANK; UNDERGROUND DEVELOPMENT AND SURFACE CONSTRUCTION PROCEEDING AS PLANNED AT ODYSSEY
TORONTO, July 28, 2021 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $189.6 million, or net income of $0.78 per share, for the second quarter of 2021. This result includes non-cash mark-to-market gains on warrants of $15.9 million ($0.07 per share), foreign currency translation gains on deferred tax liabilities of $9.3 million ($0.04 per share), derivative gains on financial instruments of $1.8 million ($0.01 per share), non-cash foreign currency translation losses of $2.4 million ($0.01 per share) and various other adjustment losses of $2.7 million ($0.02 per share). Excluding these items would result in adjusted net income1of $167.7 million or $0.69 per share for the second quarter of 2021. For the second quarter of 2020, the Company reported net income of $105.3 million or net income of $0.44 per share.
Coeur Reports Second Quarter 2021 Results
Chicago, Illinois – July 28, 2021 – Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported second quarter 2021 financial results, including revenue of $214.9 million, cash flow from operating activities of $58.1 million and GAAP net income from continuing operations of $32.1 million, or $0.13 per share. On an adjusted basis1 , the Company reported EBITDA of $52.7 million, cash flow from operating activities before changes in working capital of $31.4 million and net loss from continuing operations of $0.8 million, or $0.00 per share.
Orla Mining Delivers Robust Pre-Feasibility Study at the Cerro Quema Oxide Gold Project with 38% Rate of Return
VANCOUVER, BC – July 28, 2021 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide the results of a Pre-Feasibility Study (“PFS”) and mineral resource and mineral reserve estimates on its Cerro Quema Oxide Gold Project (the “Project” or “Cerro Quema”) located in the Azuero Peninsula, Los Santos Province, Panama. The PFS demonstrates the possibility of a low cost, high return heap leach project. The estimated Project after-tax net present value (“NPV”) (5% discount rate) is $176 million with an after-tax internal rate of return (“IRR”) of 38% at a gold price of US$1,600 per ounce.
Minera Alamos Announces Passing of CFO Chris Chadder; Appointment of New CFO
Minera Alamos Inc. (the “Company” or “Minera Alamos”) (TSX VENTURE:MAI) is saddened to report the untimely passing of Chris Chadder, CFO, on July 24th, 2021 after a brief illness. Chris had worked with the Minera Alamos team as CFO for over a decade and will be sorely missed by all those who have worked closely with him. Our condolences and sympathies, and those of our Board of Directors, Management team, and colleagues, go out to his wife and family at this difficult time.
Guanajuato Silver Draws US$7.5m from OCIM
VANCOUVER, BC / ACCESSWIRE / July 28, 2021 / Guanajuato Silver Company Ltd. (the “Company” or “GSilver“) (TSXV:GSVR)(OTCQX:GSVRF) announces it has drawn down US$7,500,000 from its loan facility with European based metals trading firm OCIM Group. This non-dilutive financing is designed to strengthen the Company’s balance sheet during the refurbishment of the Company’s El Cubo mine and mill complex located approximately 11 kilometers east of the city of Guanajuato, in central Mexico.
MAG Silver Reports Second Quarter Juanicipio Underground Mine Production
VANCOUVER, British Columbia, July 28, 2021 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to report 2021 second quarter production of underground development material from the Juanicipio Project (56% / 44% joint venture between Fresnillo plc (“Fresnillo”) and MAG Silver). As reported to MAG by the project operator Fresnillo, 44,435 tonnes of development material were processed during the quarter ended June 30, 2021. Total Juanicipio production for the quarter based on provisional estimates before offtake agreement adjustments, totaled 434,885 silver ounces and 787 gold ounces (MAG’s attributable 44% interest: 191,349 ounces of silver and 346 ounces of gold). The associated lead and zinc production will be reported with MAG’s second quarter filings.