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Showing posts with the label silver production

Guanajuato revenue jumps 22% YoY

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  Q2 2024 produces 398,685 Oz of silver in 2Q Guanajuato Silver Company Ltd announce financial and operating results for the three month and six month periods ending June 30, 2024.  The selected Q2 2024 (Three Month Period) Highlights are, Record revenue for the quarter of $20.5M representing a 16% increase over the previous quarter, and a 22% increase over Q2 2023. Consolidated revenue for the quarter was generated by a realized average price of $28.78 per silver ounce, $2,334 per gold ounce, $0.98 per pound of lead, and $1.29 per pound of zinc. Positive mine operating income of $947,433. During the quarter, the Company posted its first ever positive income from mining operations. Positive EBITDA of $2,007,907 represents the first positive EBITDA reported by the Company and demonstrates improving cash flow from mining operations. EBITDA showed a notable $6.5M improvement from the previous quarter. Adjusted EBITDA was also positive at $1,916,933 for the quarter. During the quarter, the

Silver Bear 3Q produced over 1501K Oz of silver

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Sold a total of 1,514,374 ounces of silver in 3Q   Silver Bear Resources announces the filing its unaudited financial results for the three and nine-month period ended 30 September 2020, including development highlights from its Mangazeisky silver project in Far East Russia. For complete details of the unaudited Interim Consolidated Financial Statements and associated Management's Discussion and Analysis please refer to the Company's filings on SEDAR.   During the nine-month period ended 30 September 2020 the Group production statistics included, 1: Mined a total of 89,703 tonnes of ore, processed 80,748 tonnes of ore, producing a total of 1,501,123 ounces of silver; 2: Sold a total of 1,514,374 ounces of silver totalling production revenue of US$ 28,410,544 and reported a total comprehensive loss of $42,468,501 and an accumulated deficit of $232,055,475.   3: In August 2020, the Group has started its 2020 exploration drilling activities, about 4,000 metres of core drilling p

GoGold grows 29% YoY!

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GoGold produce 605K AgEq Oz   GoGold Resources reports record production for the quarter ending September 30, 2020 of 605,287 silver equivalent ounces, consisting of 300,740 silver ounces, 3,414 gold ounces, and 128 tonnes of copper.  Annual production for the Company’s fiscal year which ended on September 30, 2020, was 2.3 million silver equivalent ounces, an increase of 29% over 2019 production of 1.8 million. “Parral continues to perform extremely well for us, with record production in both the quarter and the year.  We produced 2.3 million silver equivalent ounces in our fiscal year ending in September, which is an increase of 29% compared to the prior year.    Parral generated revenue in excess of $13 million US and over $5 million US of free cash flow in the quarter, which is covering the total general and administrative and  our Los Ricos exploration costs,” said Brad Langille, President and CEO.   “The Company has in excess of $52 million US cash in the bank, no debt,

Santacruz Silver production up by 67%

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Consolidated silver production registered 257,138 Oz at 1Q, YoY The reports on the operating results from the Veta Grande Project in Zacatecas, Mexico and the Rosario Project in San Luis Potosi, Mexico for the first quarter of 2019 says the consolidated silver equivalent production increases by 67% as compared to Q1 2018 and 8% as compared to Q4 2018. Veta Grande silver equivalent production increases by 184% as compared to Q1 2018 and 16% as compared to Q4 2018. Mr. Carlos Silva, Chief Operating Officer, stated, “The first quarter production results continue to reflect operational improvements that were undertaken in 2018 including increased mine development at both mines and a metallurgical review of the mill processing flow sheet at Veta Grande. In particular, we are very pleased with the significant improvement in zinc recovery at Veta Grande." He continued, "The preliminary April production results from both mines show strong improvement over the Q1