Precious Metals

(TheNewswire)



June 25, 2021 TheNewswire - Vancouver, B.C. CMC Metals Ltd. (TSXV:CMB), (Frankfurt:ZM5N), (OTC:CMCZF) ; (the " Company ") announces effective immediately, Mr. Mark Luchinski has been appointed as Chief Financial Officer for the Company. Mr. Mark Luchinski replaces Mr. Morgan Pickering, the former CFO. Mr. Pickering has also resigned as a Director of the Company for personal reasons.

Kevin Brewer, President and Chief Executive Officer commented, "On behalf of the Board of Directors we would like to thank Morgan for his services to the Company. We are pleased to welcome Mark Luchinski to our team as CFO and consider his knowledge and experience an asset. This is another step in our efforts to reorganize the Company."

Mr. Luchinski has over 20 years of capital market experience, having worked in both public and private sectors. Mr. Luchinski is a graduate from the University of Victoria. He is currently a Director of Marvel Discovery Corp., Operations Manager for Falcon Gold Corp., Director of Operations for R7 Capital Ventures Ltd., Director of Power One Resources Corp., and is well versed in corporate governance, compliance, and the administration of publicly traded companies.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") and the recently acquired Rancheria South, Amy and Silverknife claims (the "Rancheria South Project"). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

On behalf of the Board:

"John Bossio"

John Bossio, Chairman

CMC METALS LTD.

For further information concerning the CMC Metals Ltd., or its exploration projects, please contact:

Investor Inquiries: Kevin Brewer, P. Geo.

President, CEO and Director Tel: (604) 605-0166 kbrewer80@hotmail.com

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact              Mr. Kevin Brewer at 604-605-0166.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions.  While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all.  Actual results may differ materially from those currently anticipated in such statements.  Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions.  Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com . Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."

Copyright (c) 2021 TheNewswire - All rights reserved.

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Galena Mining

Abra Construction 78% Complete at End of July

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce that the construction progress at its Abra Base Metals Mine (“Abra” or the “Project”) has reached 78% complete as of 31 July 2022. New milestones have been achieved with the commencement of the installation of the ball-mill components and total underground development passing 2km in early August.

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MAG Silver Reports Second Quarter Financial Results

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG", or the "Company") announces the Company's unaudited financial results for the three and six months ended June 30, 2022.  For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2022, please see the Company's filings on SEDAR ( www.sedar.com ) or on EDGAR ( www.sec.gov ).

All amounts herein are reported in $000s of United States dollars ("US$") unless otherwise specified.

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SILVERCORP REPORTS ADJUSTED EARNINGS OF $13.5 MILLION, $0.08 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $40.2 MILLION FOR Q1 FISCAL 2023

Trading Symbol: TSX: SVM
NYSE AMERICAN: SVM

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended June 30, 2022 ("Q1 Fiscal 2023"). All amounts are expressed in US Dollars, and figures may not add due to rounding.

HIGHLIGHTS FOR Q1 FISCAL 2023
  • Mined 300,104 tonnes of ore and milled 298,176 tonnes of ore, up 30% and 23% compared to the prior year quarter;

  • Sold approximately 1.9 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 6.9 million pounds of zinc, representing increases of 17%, 10%, and 14% in silver, gold and lead sold, and a decrease of 5% in zinc sold, compared to the prior year quarter;

  • Revenue of $63.6 million , up 8% compared to $58.8 million in the prior year quarter;

  • Net income attributable to equity shareholders of $10.2 million , or $0.06 per share, compared to $12.2 million , or $0.07 per share in the prior year quarter;

  • Adjusted earnings attributable to equity shareholders of $13.5 million , or $0.08 per share, compared to $15.8 million , or $0.09 per share in the prior year quarter. The adjustments were made to remove impacts from impairment charges, share-based compensation, foreign exchange, mark-to-market equity investments, and the share of associates' operating results.

  • Cash flow from operations of $40.2 million , up 10% or $3.7 million compared to $36.5 million in the prior year quarter;

  • Cash cost per ounce of silver, net of by-product credits, of negative $1.57 compared to negative $1.43 in the prior year quarter;

  • All-in sustaining cost per ounce of silver, net of by-product credits, of $9.25 compared to $7.46 in the prior year quarter;

  • Spent and capitalized $3.1 million on exploration drilling, $9.7 million on underground development and $1.2 million on the construction of the new mill and tailings storage facility;

  • Paid $2.2 million of dividends to the Company's shareholders;

  • Spent $0.9 million to buy back 334,990 common shares of the Company under its Normal Course Issuer Bid, and subsequent to the quarter, bought back further 404,970 common shares of the Company for $1.0 million ; and

  • Strong balance sheet with $215.8 million in cash and cash equivalents and short-term investments, up $2.9 million or 1% compared to $212.9 million as at March 31, 2022 . The Company holds further equity investment portfolio in associates and other companies with a total market value of $147.4 million as of June 30, 2022 .

CONSOLIDATED FINANCIAL RESULTS

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SilverCrest Reports Q2, 2022 Financial Results

TSX: SIL | NYSE American: SILV

 SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to report the Company's unaudited financial results for the second quarter of 2022 ("Q2, 2022"). The unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2022 are available under the Company's SEDAR profile on www.sedar.com or on SilverCrest's website www.silvercrestmetals.com . All amounts herein are presented in United States Dollars, unless otherwise stated.

News Provided by Canada Newswire via QuoteMedia

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Falcon Gold Corp

Falcon Gold Closes $300,000 Private Placement

FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); ("Falcon" or the "Company") announces the Company has closed its non-brokered private placement previously announced August 10th, 2022. and has issued 4,000,000 common shares for proceeds of $ 300,000. Each Unit priced at 7.5 cents consists of one common share and one common share purchase warrant priced at 10 cents for a 36-month term. The shares will be subject to a standard 4 month hold period (TSX.V Policy) no finders fees have been paid. Proceeds from the offering are for general working capital purposes and exploration expenditures.

The closing of the Private Placement is subject to TSX Venture Exchange approval.

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Endeavour Silver - Withholding Sales for Inventory Impacts Quarterly Results

Second quarter 2022 results. Endeavour generated a second quarter adjusted net loss of $4.3 million, or $(0.02) per share, compared to adjusted net income of $2.4 million, or $0.01 per share, during the prior year period. We had projected a loss of $5.6 million, or $(0.03) per share. Including changes in the fair value of investments, the company reported a loss of $(0.07) per share. Endeavour retained inventory for future sale at higher prices. At quarter end, Endeavour held 1,399,356 ounces of silver and 2,580 ounces of gold in bullion inventory and 12,408 ounces of silver and 587 ounces of gold in concentrate inventory. Updating estimates. Endeavour increased its production forecast to a range of 7.6 million to 8.0 million from 6.7 million to 7.6 million silver equivalent ounces to reflect higher than planned ore-grades along the El Curso ore body at Guanacevi. While the company is experiencing cost inflation, cash and all-in sustaining costs expectations remain $9.00 to $10.00 per ounce and $20.00 to $21.00 per ounce, respectively. We increased our 2022 EPS estimate to $0.11 from $0.10 and reduced our 2023 estimate to $0.13 from $0.15 to reflect modestly lower commodity prices and margin. Read More >>

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