Latest Press Releases
Consolidated production up 30% year-over-year; Turmalina Mine ramp-up on track; development and drilling expanded at both operations
Program to test down-dip extension of the Faina orebody and a largely untested upper-level extension of orebody A/SE2 lens
– Production Also Remains Strong at the Pilar Mine
- Multiple high-grade zones intersected, including 11.88 g/t gold over 5.39 metres
- Consolidated gold production of 13,057 ounces - Turmalina mine contributes 31% in its first full quarter since restart; cash position strengthens to US$74.8 million
- 5,000 metres of directional drilling planned to target three mineralized zones below the current mine workings
- Multiple mineralized targets could illustrate a much more extensive gold trend than previously defined
- Technical update on exploration drilling & resource expansion strategy
- 5-year plan allows for +227,000 meters of drilling with an estimated expenditure of US$43 million
Mine operations and ore processing began today at the Turmalina (MTL) Complex
- Drilling supports down-plunge continuity of the BA mineralization and confirms multiple high-grade intercepts
- 3km south of the Santa Isabel Mine and processing plant (CPA Complex)
- Pilar Delivers Solid Performance and Progress Continues Toward MTL Complex Restart
- Appointment of Mr. Daniel Karrqvist to the Position of CFO & Ms. Naomi Nemeth to the Role of Vice President, Investor Relations
- Awaiting National Mining Agency (ANM) Authorization
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
12.80 g/t Au over an estimated true width of 25.00m with 320.00 GT (including 27.21 g/t Au over an estimated true width of 7.00m) in hole PPL1174
Boosts Proven and Probable Mineral Reserves by 63%
