Silver is valued both as an industrial metal and as a precious metal. Silver mining companies are engaged in the acquisition, exploration, development, and production of mineral properties. Silver is often a byproduct produced from mining these other metals.

With its stock down 6.6% over the past three months, it is easy to disregard Pan American Silver (TSE:PAAS). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on Pan American Silver's ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

View our latest analysis for Pan American Silver

How To Calculate Return On Equity?

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Pan American Silver is:

11% = US$298m ÷ US$2.6b (Based on the trailing twelve months to June 2021).

The 'return' is the income the business earned over the last year. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.11.

What Is The Relationship Between ROE And Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

Pan American Silver's Earnings Growth And 11% ROE

To start with, Pan American Silver's ROE looks acceptable. Even when compared to the industry average of 13% the company's ROE looks quite decent. Consequently, this likely laid the ground for the impressive net income growth of 27% seen over the past five years by Pan American Silver. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.

Next, on comparing Pan American Silver's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 32% in the same period.

past-earnings-growthpast-earnings-growth
past-earnings-growth

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is PAAS fairly valued? This infographic on the company's intrinsic value has everything you need to know.

Is Pan American Silver Using Its Retained Earnings Effectively?

Pan American Silver has a really low three-year median payout ratio of 20%, meaning that it has the remaining 80% left over to reinvest into its business. So it looks like Pan American Silver is reinvesting profits heavily to grow its business, which shows in its earnings growth.

Moreover, Pan American Silver is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 18%. Still, forecasts suggest that Pan American Silver's future ROE will rise to 14% even though the the company's payout ratio is not expected to change by much.

Summary

Overall, we are quite pleased with Pan American Silver's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Many investors historically have turned to safe haven assets such as precious metals in times of economic and political turmoil. Mining companies have vastly outperformed the broader market in the last year. Here are the top 3 mining stocks with the best value, the fastest earnings growth, and the most momentum.

While Silvercorp Metals Inc. (TSE:SVM) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 24% in the last quarter. But don't let that distract from the very nice return generated over three years. In fact, the company's share price bested the return of its market index in that time, posting a gain of 59%.

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

See our latest analysis for Silvercorp Metals

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the three years of share price growth, Silvercorp Metals actually saw its earnings per share (EPS) drop 4.3% per year.

Based on these numbers, we think that the decline in earnings per share may not be a good representation of how the business has changed over the years. So other metrics may hold the key to understanding what is influencing investors.

Languishing at just 0.6%, we doubt the dividend is doing much to prop up the share price. Do you think that shareholders are buying for the 2.6% per annum revenue growth trend? We don't. While we don't have an obvious theory to explain the share price rise, a closer look at the data might be enlightening.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

earnings-and-revenue-growthearnings-and-revenue-growth
earnings-and-revenue-growth

We know that Silvercorp Metals has improved its bottom line lately, but what does the future have in store? So it makes a lot of sense to check out what analysts think Silvercorp Metals will earn in the future (free profit forecasts).

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Silvercorp Metals' TSR for the last 3 years was 63%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

A Different Perspective

Silvercorp Metals shareholders are down 51% for the year (even including dividends), but the market itself is up 31%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 4%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Silvercorp Metals better, we need to consider many other factors. To that end, you should be aware of the 2 warning signs we've spotted with Silvercorp Metals .

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Shares Outstanding: 277,741,117
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Sept. 15, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 8 new drill holes from the El Favor East zone and 1 drill hole from El Favor, both in the Los Ricos North project. Drill hole LRGF-21-066 intersected 0.8m of 2,274 g/t silver equivalent ("AgEq"), within 108.0m of 59 g/t AgEq. Drill hole LRGF-21-069 intersected 58.8m of 111 g/t AgEq, including 4.8m of 551 g/t AgEq. See Table 1 for breakdown of silver and gold values.

"Hole 72 is our most easterly hole released to date and extends the mineralization 300m to the east from discovery hole 48," said Brad Langille, President and CEO. "We have redirected drills to El Favor East as we aim to include a portion of El Favor East in our upcoming initial Los Ricos North resource."

Table 1: Drill Hole Intersections

Hole ID

Area / Vein

From

To

Length1

Au

Ag

AuEq2

AgEq2

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

(g/t)

LRGF-21-062

El Favor East

120.5

122.6

2.1

0.21

54.4

0.94

70.1

and

134.4

136.0

1.5

0.26

75.8

1.27

95.5

LRGF-21-063

El Favor

57.1

73.4

16.3

0.05

43.9

0.64

47.9

including

64.4

67.0

2.7

0.16

138.3

2.00

150.3

LRGF-21-064

El Favor East

69.7

70.6

0.9

0.31

232.6

3.41

255.4

and

146.1

148.8

2.7

0.07

50.0

0.74

55.6

LRGF-21-065

El Favor East

9.5

78.2

68.7

0.12

71.0

1.07

80.0

including

75.0

78.2

3.2

0.88

430.6

6.62

496.5

LRGF-21-066

El Favor East

49.4

157.4

108.0

0.16

47.0

0.78

58.9

including

107.6

123.7

16.1

0.65

152.6

2.68

201.2

including

116.3

118.4

2.1

4.08

737.9

13.92

1,043.9

including

116.9

117.8

0.8

9.05

1,595.5

30.33

2,274.4

LRGF-21-067

El Favor East3

50.4

128.5

73.7

0.26

66.0

1.14

85.8

including

52.3

53.9

1.6

5.10

316.3

9.32

698.8

including

68.0

70.5

2.5

1.32

514.7

8.19

613.9

including

69.1

70.5

1.5

2.12

843.0

13.36

1,002.1

and

116.5

125.1

8.6

0.15

66.9

1.05

78.5

LRGF-21-069

El Favor East4

76.0

139.8

58.8

0.28

90.1

1.48

110.9

including

101.7

106.4

4.8

1.71

423.0

7.35

551.4

LRGF-21-070

El Favor East5

62.2

118.0

48.1

0.28

83.3

1.39

104.5

including

102.5

105.5

3.0

1.79

219.3

4.71

353.2

LRGF-21-071

El Favor East6

95.8

143.0

43.7

0.17

56.1

0.92

69.1

including

99.2

100.1

0.9

2.34

833.7

13.45

1,009.0

LRGF-21-072

El Favor East

133.1

134.6

1.5

0.28

92.0

1.51

113.3

and

191.5

207.5

16.0

0.29

90.1

1.49

111.8

including

197.2

198.6

1.4

1.02

401.2

6.37

477.4

1.

Not true width

2.

AqEq converted using a silver to gold ratio of 75:1 at recoveries of 100%

3.

Excludes 4.5m of historically mined void

4.

Excludes 5.0m of historically mined void

5.

Excludes 7.7m of historically mined void

6.

Excludes 3.5m of historically mined void

7.

Hole LRGF-21-068 is excluded as it did not intercept significant mineralization

Figure 1: El Favor Drill Hole Locations (CNW Group/GoGold Resources Inc.)Figure 1: El Favor Drill Hole Locations (CNW Group/GoGold Resources Inc.)
Figure 1: El Favor Drill Hole Locations (CNW Group/GoGold Resources Inc.)

The exploration team has been moving east of El Favor with drilling in 25m stepouts in the eastern end of El Favor, beginning with discovery hole 48, and continuing to intersect wide strong mineralization. This area is known as the El Favor East zone, and a mapping program has extended the presence of mineralization 900m to the east of hole 48 (El Favor East zone discovery hole), as shown in Figure 2. To date, 300m of El Favor East has been drilled showing the strong mineralization.

Figure 2: El Favor East (CNW Group/GoGold Resources Inc.)Figure 2: El Favor East (CNW Group/GoGold Resources Inc.)
Figure 2: El Favor East (CNW Group/GoGold Resources Inc.)

Three of the four major veins (Salomon, Guitarrillas and Los Chivos) appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. The merging of these veins continue to provide significant widths of good grade which could be potentially amenable to bulk mining.

The El Orito deposit (as presently defined) is located about 800 metres along strike to the west of the Hundido Pit (see Figure 3). Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, sampling and Induced Polarization ("IP") surveying programs in the area between El Orito and El Favor are underway.

Table 2: Drill Hole Locations

Hole ID

Easting

Northing

Elevation

Azimuth

Dip

Length

LRGF-21-062

586086

2336779

1285

180

-45

218

LRGF-21-063

585006

2336494

1254

180

-45

382

LRGF-21-064

586057

2336776

1279

180

-45

202

LRGF-21-065

585953

2336750

1235

180

-45

249

LRGF-21-066

585935

2336800

1213

180

-45

264

LRGF-21-067

585874

2336806

1209

180

-45

311

LRGF-21-068

584986

2336464

1258

180

-45

429

LRGF-21-069

585983

2336800

1232

180

-45

308

LRGF-21-070

585958

2336795

1224

180

-45

246

LRGF-21-071

586005

2336815

1241

180

-45

304

LRGF-21-072

586128

2336795

1308

180

-45

391

Figure 3: Favor-Orito Long Section (CNW Group/GoGold Resources Inc.)Figure 3: Favor-Orito Long Section (CNW Group/GoGold Resources Inc.)
Figure 3: Favor-Orito Long Section (CNW Group/GoGold Resources Inc.)
Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)
Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

Access the GoGold Company Profile on VRIFY at: https://vrify.com

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/decks/10437 and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects

The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and an initial resource was announced on July 29, 2020 which indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. An initial PEA on the project was announced on January 20, 2021 indicating an NPV5% of US$295M.

The Los Ricos North Project was launched in March 2020 and includes drilling at the El Favor, La Trini, Casados and El Orito targets. During 2020, GoGold's exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential. The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

Procedure, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Los Ricos South and North projects, and future plans and objectives of GoGold, including the intention to undertake further exploration at Los Ricos North, and the prospect of further discoveries there, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

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SOURCE GoGold Resources Inc.

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TORONTO, September 14, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company") is pleased to provide an update to the re-opening of the Company’s Cosalá Operations.

The Company began recalling its workers as of September 11, 2021 and commenced re-opening the operation as of September 13, 2021 as the employees arrived on site. Given the favourable conditions of both the mine and mill, new mine production and concentrate is expected to start shipping in October 2021.

Government inspectors from the Mexican Ministry of Labour have physically inspected the San Rafael mine and Los Braceros mill and reviewed the re-start plans, which validated the existing safe conditions at the operations. The Company now has unobstructed access to both the mine and mill at the Cosalá Operations.

Once in operation, it is anticipated that the current higher silver prices will allow the Company to target the higher-grade silver ores in the Upper Zone of San Rafael and develop the silver-copper EC120 project. Mining these silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver per annum in the years following the re-start. Coupled with the exploration success at the Galena Complex in Idaho, where the Company is targeting to reach peak historical annual production levels of approximately 5 million ounces per year, the Company expects to significantly increase silver production over the next few years.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other precious metals, the expected prices of gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures; the reopening at the Cosalá Operations, including the expected production levels and potential additional mineral resources thereat; the expected resolution of the illegal blockade at the Company’s Cosalá Operations and the restart of mining operations, including the expected timing thereof. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Company’s operations ; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210914005400/en/

Contacts

Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416-848-9503

Vancouver, British Columbia–(Newsfile Corp. – September 14, 2021) – Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") reports the results for the first quarter ended July 31, 2021 for the Company and its mining operations in Queretaro, Mexico. The full version of the Company's Financial Statements and Management's Discussion and Analysis can be viewed later today on the Company's website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

"We have steadily built our cash back to $5 million with a strong working capital position," reported Robert Eadie, CEO and President of the Company. "We are now deploying this cash to further acquire and explore new properties as well as expand exploration at the San Martin mine."

Financial Highlights for the three-month period ended July 31, 2021 (unaudited):

  • Cash and short-term investments on hand is $4.9 million at July 31, 2021;

  • Gold and silver sales of $6.2 million;

  • Earnings from mining operations of $1.6 million;

  • Net Income of $0.94 million, or $0.02 per share;

  • EBITDA(1) of $1.9 million;

The following table contains selected highlights from the Company's unaudited consolidated statement of operations for the quarters ended July 31, 2021 and 2020:

(in thousands of Canadian dollars)
(unaudited)

Quarter ended
July 31,

2021

2020

Revenues

$

6,161

$

8,090

Cost of Sales

(4,597)

(5,164)

Earnings from mining operations

1,564

2,926

Administrative Expenses, interest and foreign exchange

(510)

(1,316)

Loss on exploration property

(39)

Income tax (expense) recovery

(80)

53

Net income

$

935

$

1,663

(i) Income (loss) per share – basic

$

0.02

$

0.03

(ii) Income (loss) per share – diluted

$

0.02

$

0.03

Reconciliation of Net income to EBITDA(1)

For the three months ended July 31,

2021

2020

Net Income (Loss)

$

935

$

$1,663

Loss on sale of exploration property

39

Income tax expense (recovery)

80

(53)

Interest

44

66

Depreciation and depletion

781

1,063

EBITDA

$

1,879

$

2,739

EBITDA MARGIN(2)

30.5%

33.9%

(1) EBITDA ("Earnings before Interest, Taxes, Depreciation and Amortization") is a non-GAAP financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another Corporation. The Corporation uses this non-GAAP measure which can also be helpful to investors as it provides a result which can be compared with the Corporation's market share price.
(2) EBITDA MARGIN is a measurement of a company's operating profitability calculated as EBITDA divided by total revenue. EBITDA MARGIN is a non-GAAP financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another Corporation. The Corporation uses this non-GAAP measure which can also be helpful to investors as it provides a result which can be compared with the Corporation's market share price.

Production Highlights for the three-month period ended July 31, 2021:

  • Equivalent gold production of 2,985 ounces;

  • Mine operating cash cost of US$1,177/EqOz;

  • All-in sustaining costs of US$1,387/EqOz;

The following table is a summary of mine production statistics for the San Martin mine for the periods ended July 31, 2021 and 2020 and for the previous year ended April 30, 2021:

Actual Results for

Unit of measure

3 months ended
July 31, 2021

3 months ended
July 31, 2020

12 months ended
April 30, 2021

Mine Production of Gold in Dore

thousand
ounces

2.6

2.9

10.5

Mine Production of Silver in Dore

thousand ounces

19.8

32.5

103.4

Gold equivalent ounces

thousand ounces

2.9

3.3

11.8

Silver to Gold equivalency ratio

68.1

97.2

78.3

Mine Gold grade

grams/tonne

1.64

1.70

1.63

Mine Silver grade

grams/tonne

20.9

29.2

24.7

Mine Gold recovery

percent

88.3%

88.8%

88.4%

Mine Silver recovery

percent

52.1%

56.5%

57.0%

Milled

thousands of tonnes

56.3

59.1

225.5

Mine operating cash cost per tonne milled

US dollars

61

51

55

Mine operating cash cost per equivalent ounce

US dollars

1,177

929

1,056

Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

About Starcore

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Gary Arca"
Gary Arca, Chief Financial Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

GARY ARCA
Telephone: (604) 602-4935

EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x 203

The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96381

Toronto, Ontario–(Newsfile Corp. – September 14, 2021) – Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it has completed an additional three drill holes at its San Jose project.

Michael R. Smith (Monarca Minerals Senior VP Exploration) states, "We are pleased that drilling at the San Jose Project continues to intersect significant skarn mineralization as drilling progresses to the north."

With the completion of an additional three drill holes, a total of 1,429.5m have been drilled. The average drilling rate is about 85m/day, drilling one shift/day. A booster compressor is locally being used to manage water flows.

Drill holes SJ10, SJ11 and SJ15 have been successfully completed – all of the drill hole intersected exoskarn and/or endoskarn mineralization with sulfide minerals (Figure 1: Field Log Summary). The sulfide minerals observed were dominantly pyrite, with very fine grained dark sulfide minerals, which appear to be sphalerite and galena in some cases. Chalcopyrite was locally observed. The samples have been delivered to the laboratory sample preparation facility in Chihuahua, Mexico.

SJ10: Drill hole SJ10, angled easterly at -60º, was drilled to 352.0m. It was drilled targeting a strong IP geophysical anomaly and intersected endoskarn with silicification. Up to 5% pyrite, along with 0-1% localized dark sulfides and chalcopyrite were observed (Figure 2: Drilling IP Geophysical Targets).

SJ11: Drill hole SJ11 was drilled vertically to a total depth of 259.1m targeting a strong IP anomaly in an area of endoskarn and marble outcrop, close to the Calderon mine. It intersected 65.5m of exoskarn above endoskarn with silicification in biotite porphyry which was not observed in outcrop. The biotite porphyry has several percent magnetite, which likely explains the large magnetic geophysical anomaly in the southwest portion of the survey area. Pyrite and other sulfide minerals were observed in field logging.

SJ15: Drill hole SJ15 targeted a strong IP geophysical anomaly and was drilled vertically, with a total depth of 349.0m. It intersected 48.8m of exoskarn, above 298.7m of endoskarn. Up to 3% pyrite with other sulfide minerals were observed. The granodiorite hosted endoskarn has up to 5% pyrite, with other sulfide minerals.

Figure 1: Field Log Summary

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2584/96425_figure1.jpg

Figure 2: Map of the Property and primary exploration and geophysics area

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2584/96425_3ab8c8ca0476bb8d_002full.jpg

Figure 3: Drilling IP Geophysical Targets

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2584/96425_3ab8c8ca0476bb8d_003full.jpg

Quality Assurance and Quality Control Statement

Procedures have been implemented by Monarca to assure Quality Assurance Quality Control (QAQC) of all assaying that will be done at an ISO Accredited laboratory. Drill hole samples are collected at the drill rig and are riffle split, disposing of 1/4 or 1/2 of the sample, collecting two samples, one for the assay laboratory and one as a duplicate. The samples are then stored securely prior to shipment. A sterile blank sample (un-mineralized basalt) and a mineralized reference standard (used by Monarca since 2009) are alternately placed in the sample sequence every 20th sample. The assays received for the QAQC samples will be reviewed for acceptable values by Monarca's Qualified Person.

Qualified Person Statement

Michael R. Smith is the Qualified Person (QP) who has reviewed and approved the scientific and technical information disclosed in this news release. Mr. Smith is a Registered Member (#04167376 – Geology) of the Society for Mining, Metallurgy & Exploration (SME) and the Executive Vice President, Exploration for Monarca Minerals Inc.

About Monarca Minerals Inc.

Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV: MMN) and focused on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including an Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver) at its Tejamen deposit in Durango, Mexico. NI 43-101 Technical Report on Resources, Tejamen Silver Property, Durango State, Mexico, prepared by Gustavson Associates on February 2, 2016.

For further information, please contact:

Carlos Espinosa

President, CEO & Director
Monarca Minerals Inc.
E: cespinosa@slgmexico.com

Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:

The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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

/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96425

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Chesapeake Gold Corp. (CVE:CKG), it sends a favourable message to the company's shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Chesapeake Gold

The Last 12 Months Of Insider Transactions At Chesapeake Gold

In the last twelve months, the biggest single purchase by an insider was when CEO & Director Alan Pangbourne bought CA$224k worth of shares at a price of CA$4.00 per share. That means that even when the share price was higher than CA$3.85 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Chesapeake Gold insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volumeinsider-trading-volume
insider-trading-volume

Chesapeake Gold is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Chesapeake Gold insiders own 35% of the company, worth about CA$91m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Chesapeake Gold Insider Transactions Indicate?

The fact that there have been no Chesapeake Gold insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Chesapeake Gold and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Chesapeake Gold you should be aware of, and 1 of these is a bit unpleasant.

Of course Chesapeake Gold may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

CHICAGO, September 14, 2021–(BUSINESS WIRE)–Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) President and Chief Executive Officer, Mitchell J. Krebs, will present at the Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. ("Renmark") on Friday, September 17, 2021 at 11:00 a.m. Central Time.

Registration is available through the following link: https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-nyse-cde-2021-09-17-110000. Please note, registration for the live event may be limited but access to the replay will be made available the week of September 20, 2021 on Renmark’s website at https://www.renmarkfinancial.com/vndrs.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210914005796/en/

Contacts

Coeur Mining, Inc.
Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

Vancouver, British Columbia–(Newsfile Corp. – September 14, 2021) – Couloir Capital Ltd. is pleased to announce initiation of research coverage on Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF). The report is titled, "Developing One of the Largest Gold Mines in the World." The report contains a detailed review of the company and its flagship asset – Metates. The Metates Project is recognized as one of the world's largest gold-silver resources.

Report excerpt 1: "CKG has again shaken up its development strategy and has filed a PEA for an even smaller operation, with projected throughput for a smaller "starter" plant with 15,000 tpd (and optionality to expand throughput to 30,000 tpd). In addition to the smaller production footprint, CKG has decided to alter its planned gold-silver recovery processes, moving away from an autoclave recovery process to a sulphide heap leach mine."

Report excerpt 2: "The opportunistic shift to a sulphide heap leach operation represents CKG's move to apply newly acquired technological capabilities to address the persistent CAPEX issue at Metates. In January 2021, CKG announced the closing of the previously announced all-stock acquisition of Alderley Gold Corp. ("Alderley"), a private Canadian company with rights to an innovative sulphide leaching technology."

The report can be accessed through Couloir Capital's portal: https://www.couloircapital.com/research-portal

There is no charge for portal access. Serious investors and other interested parties are encouraged to download the report.

About Chesapeake Gold Corp.

Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates ") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with measured and indicated resources of 1,365 million tonnes grading 0.5 grams per tonne gold and 12.8 grams per tonne silver, representing over 20 million ounces of gold and 560 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment research firm comprised of a team of veteran investment professionals dedicated to providing world-class opportunities in the natural resource exploration and development sectors along with real and alternative asset classes and strategies. Couloir Capital Ltd. is affiliated with a registered securities dealer, Couloir Capital Securities Ltd., and an investment fund, the West Cirque Fund Limited Partnership.

For further information, please contact:

Rob Stitt, Managing Director, Couloir Capital Ltd.

Email: rstitt@couloircapital.com

www.couloircapital.com

Analyst Disclosure: The analyst and / or affiliated companies do hold shares or warrants in the Company.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96424

Vancouver, British Columbia–(Newsfile Corp. – September 13, 2021) – Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to the first tranche, the Company has issued 26,105,833 units ("Units") at a price of US$0.06 (C$0.075) per Unit for gross proceeds of US$1,566,350 (C$1,957,937).

Each Unit consists of one common share of the Company and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of US$0.10 per share for a period of three years from the date of closing. The Warrants contain a forced exercise provision if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or greater than US$0.30 for a period of 10 consecutive trading days.

Proceeds of the Private Placement will be used primarily for general working capital. The securities will be subject to a hold period expiring on January 14, 2022 in accordance with applicable securities laws.

In connection with the completion of the first tranche of the Private Placement, the Company paid a total of US$22,974 and issued 382,900 finder's warrants as finder's fees. The finder's warrants will be exercisable at US$0.10 per share for a period of 3 years from the date of closing.

The Company is pleased to announce that Stephen Goodman and Tony Alford have been appointed as directors of the Company. Stephen Goodman also serves as the President of the Company and effective September 15th will assume the position of Chief Financial Officer.

Tony Alford brings to the board a history of executive leadership, including serving as a director of Revett Minerals Inc. in 2009 and 2010, where he was part of the team that rang the bell on the NYSE Amex listing of the company. Mr. Alford is the Founder and President of PBA Consultants, Inc., a firm specializing in tax savings and cost reduction services, for many of the fortune 500 companies across the USA. In 1993 Mr. Alford founded Alford Investments focusing on real estate investment properties, pharmacy distribution, food related and natural resource companies.

The Company also announces that John Kerr, LeRoy Wilkes, and Terrence Eyton have resigned as directors of the Company.

On behalf of the Board of Directors,
Stephen Goodman
President

For more information please contact:
Karen Robertson
Corporate Communications
778-898-0057

Email: info@quaterra.com
Website: www.quaterra.com

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96362

DENVER, CO / ACCESSWIRE / September 13, 2021 /Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to announce that it is participating in the H.C. Wainwright & Co. Virtual Annual Global Investment Conference, September 13-15th, 2021. President and CEO, Chris Herald will host one on one meetings during the event and will deliver an online presentation and corporate update on Monday, September 13th at 8:00am Eastern. The presentation will feature the recently acquired Golden Crest gold project in South Dakota, as well as the advanced Florida Canyon and Lik high-grade zinc projects. View webcast and replay here. For more information on the Conference please visit https://hcwevents.com/annualconference/

About Solitario
Solitario is an emerging zinc and gold exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its newly acquired Golden Crest properties, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.8 million. Additional information about Solitario is available online at www.solitariozinc.com.

FOR MORE INFORMATION, CONTACT:
Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

Valerie Kimball
Director – Investor Relations
720-933-1150
(800) 229-6827

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/663668/Solitario-Presents-at-the-HC-Wainwright-Co-Virtual-Annual-Global-Investment-Conference

VANCOUVER, British Columbia, Sept. 13, 2021 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) today announced that it continues to intersect high-grade gold mineralization in Phase 3 of the North Block resource expansion drill program at the Brucejack Mine in British Columbia.

Phase 3 of the North Block resource expansion drill program was initiated to follow-up on the high-grade gold intersected directly to the north of the Valley of the Kings deposit during Phase 1 and Phase 2 of the North Block drill program (see news releases dated February 25, 2021 and June 15, 2021).

Phase 3 results include seven intersections assaying above 1,000 grams per tonne gold. Drill hole VU-3255 assayed 493.2 grams per tonne gold over 15.0 meters, including 7,360 grams per tonne gold over 1.0 meter. Drill hole VU-3242 assayed 676.8 grams per tonne gold over 7.0 meters, including 3,150 grams per tonne gold over 1.5 meter. High-grade gold mineralization was intercepted up to 450 meters from the current Valley of the Kings resource shell and up to 300 meters from the West Zone resource shell. (See Table 1 below for assays.)

One drill hole from each drill fan was extended to test the exploration potential to the north of the North Block Zone. These extended holes intersected stockwork veining and high-grade gold mineralization along trend from the West Zone. An intersection from drill hole VU-3252 assayed 3,660.0 grams per tonne gold over 1.0 meter at 330.5 meters down hole.

“These new drill results from the North Block zone increase our confidence in the continuity of high-grade gold mineralization to the north of the Valley of the Kings deposit. An updated Mineral Resource estimate is expected to be released in the first half of next year and it will include the North Block zone,” said Jacques Perron, President and Chief Executive Officer of Pretivm. “Phase 4 of the North Block drilling program is currently underway to test the potential to the west of the first three phases of drilling.”

The North Block Zone is located directly to the north of the Valley of the Kings deposit. The resource expansion exploration program is designed to test for Valley of the Kings-style mineralization to the north and at depth. Phase 3 of the program was drilled from the 1150 and 1070 Levels in the mine, targeting an area extending up to 450 meters north of the current Valley of the Kings resource shell.

North Block – Phase 3 Results

Phase 3 of the North Block resource expansion program comprised 25,154 meters in 85 drill holes. Drilling from the 1150 Level intersected the extension of the Domain 13 Stockwork, which is currently being mined in the Valley of the Kings. Drilling from the 1070 Level intersected the recently identified corridor of gold mineralization in the footwall of the Domain 13 structure, featuring coarse electrum in northwest oriented quartz-carbonate veins within a broader halo of lower grade gold mineralization.

For a plan and section view of the 2021 North Block Phase 3 program please see the following link: http://ml.globenewswire.com/Resource/Download/1031d3cf-1d7a-4512-bcab-bcd1901aa4a4.

Significant drill results are shown below:

  • Hole VU-3042 intersected 93.4 grams per tonne gold over 34.5 meters, including 3,140 grams per tonne gold and 2,000 grams per tonne silver over 1.0 meter.

  • Hole VU-3241 intersected 133.7 grams per tonne gold over 6.0 meters, including 3,590 grams per tonne gold and 2,680 grams per tonne silver over 1.0 meter.

  • Hole VU-3242 intersected 676.8 grams per tonne gold over 7.0 meters, including 3,150 grams per tonne gold and 1,870 grams per tonne silver over 1.5 meters.

  • Hole VU-3249 intersected 5.3 grams per tonne gold over 13.5 meters, including 3,660 grams per tonne gold over and 3,040 grams per tonne silver over 1.0 meter.

  • Hole VU-3255 intersected 493.2 grams per tonne gold over 15.0 meters, including 7,360 grams per tonne gold and 4,400 grams per tonne silver over 1.0 meter.

Stephanie Wafforn, P.Geo., Pretivm’s Resource Manager is the Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects responsible for the Mineral Resource expansion drill program and has reviewed and approved the scientific and technical information in this news release related thereto.

Table 1: Selected North Block Phase 3 Results, September 2021 (VU-3038 to VU-3280)(1,2)

Hole No.

Dip/ Azimuth

From
(meters)

To
(meters)

Length
(meters)

Gold (g/t)

Comments

Fan 1070W_L1_351

VU-3042

10/351

37.50

72.00

34.50

93.4

Incl

56.50

57.50

1.00

3,140

2,000 g/t silver

And

352.50

354.00

1.50

69.3

Fan 1070W_L2_5

VU-3081

-21/005

0.00

6.00

6.00

39.2

Incl

2.50

4.50

2.00

112.5

VU-3084

10/005

96.00

98.00

2.00

382.9

VU-3086

29/005

40.50

41.50

1.00

110.5

Fan 1070W_L3_18

VU-3096

48/018

27.00

39.00

12.00

5.1

Incl

27.00

28.50

1.50

24.1

VU-3097

38/018

43.00

44.00

1.00

575.0

VU-3100

10/018

0.00

18.00

18.00

7.1

Incl

6.00

7.50

1.50

69.3

Fan 1150_ELVL_L1

VU-3140

48/025

272.00

273.00

1.00

856.0

VU-3141

38/025

258.00

263.00

5.00

60.8

VU-3143

19/025

447.00

450.00

3.00

67.4

And

469.50

475.50

6.00

14.8

Fan 1150_ELVL_L2

VU-3149

48/025

220.50

238.50

18.00

48.3

Incl

220.50

221.50

1.00

804.0

And

261.50

285.50

24.00

34.4

Incl

261.50

262.50

1.00

778.0

VU-3156

-21/025

177.00

178.00

1.00

833.0

Fan 1070_RMK1

VU-3240

48/025

27.00

48.00

21.00

7.2

Incl

27.00

28.00

1.00

74.3

And

169.50

175.00

5.50

10.5

VU-3241

38/025

112.50

118.50

6.00

133.7

And

163.86

164.86

1.00

3,590

2,680 g/t silver

And

184.50

186.00

1.50

332.0

VU-3242

29/025

50.00

57.00

7.00

676.8

Incl

52.50

54.00

1.50

3,150

1,870 g/t silver

VU-3243

19/025

48.00

54.00

6.00

98.7

Incl

48.00

49.00

1.00

558.0

VU-3244

10/025

42.00

47.50

5.50

9.7

Fan 1070_ELVL

VU-3248

48/025

12.50

13.50

1.00

1,060

And

87.00

88.00

1.00

1,530

1,100 g/t silver

VU-3249

38/025

37.50

51.00

13.50

5.3

VU-3252

10/025

330.50

331.50

1.00

3,660

3,040 g/t silver

VU-3254

-10/025

9.65

17.85

8.20

47.8

Incl

16.85

17.85

1.00

366.0

VU-3255

-21/025

7.50

22.50

15.00

493.2

Incl

12.60

13.60

1.00

7,360

4,400 g/t silver

(1) True thickness to be determined.
(2) All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP-MS finish and fire assay with AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a field duplicate at ALS Chemex in North Vancouver, B.C. ALS Chemex is independent of Pretivm.

About Pretivm

Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.

For further information contact:

Troy Shultz
Director, Investor Relations &
Corporate Communications

Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
invest@pretivm.com
(SEDAR filings: Pretium Resources Inc.)

Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as “forward-looking information”), including the “safe harbour” provisions of Canadian provincial securities legislation and the U.S. Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended. Wherever possible, words such as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking information. Forward-looking information may include, but is not limited to: results, analyses and interpretations of exploration and drilling programs; our mining (including mining methods), expansion, exploration and development activities, including the reverse circulation drill program, our definition, sustaining, expansion and underground exploration drill programs, our follow-up and near-mine exploration programs and our grassroots exploration program, and the specifications, targets, results, benefits, costs and timing thereof; expectations around grade of gold and silver production; Brucejack Mine production rate and gold recovery rate; our operational grade control program, including plans with respect to our infill drill program and our local grade control model; grade reconciliation, updated geological interpretation and mining initiatives with respect to the Brucejack Mine; our management, operational plans and strategy; capital, sustaining and operating cost estimates and timing thereof; the future price of gold and silver; our liquidity and the adequacy of our financial resources (including capital resources); our intentions with respect to our capital resources; capital allocation plans; the estimation of mineral resources and mineral resources including any updates thereto; parameters and assumptions used to estimate mineral resources and mineral resources; realization of mineral resource and mineral resource estimates; our estimated life of mine and life of mine plan for the Brucejack Mine; production and processing estimates and estimated rates; estimated economic results of the Brucejack Mine; predicted metallurgical recoveries for gold and silver; geological and mineralization interpretations; development of our Brucejack Mine and timing thereof; timelines and similar statements relating to the economic viability of the Brucejack Mine, including mine life, total tonnes mined and processed and mining operations; updates to our mineral resources and mineral resources and life of mine plan for the Brucejack Mine, and the anticipated effects and timing thereof; timing, receipt, and anticipated effects of, and anticipated capital costs in connection with, approvals, consents and permits under applicable legislation; and the effects of the novel coronavirus (2019-nCoV) outbreak as a global pandemic, including anticipated operational and financial impacts, and our response and contingency plans. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking information including, without limitation, those related to: the effect of indebtedness on cash flow and business operations; the effect of a pandemic and particularly the COVID-19 outbreak as a global pandemic on the Company’s business, financial condition and results of operations and the impact of the COVID-19 outbreak on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, financial condition and results of operations; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; our production, grade of gold, milling recovery, cash flow and cost estimates, including the accuracy thereof; commodity price fluctuations, including gold and silver price volatility; the accuracy of our Mineral Resource and Resource estimates (including with respect to size, grade and mining and milling recoverability) and the geological, operational costs and price assumptions on which they are based; uncertainties relating to inferred Mineral Resources being converted into Measured or Indicated Mineral Resources; our ability to maintain or increase our annual production of gold at the Brucejack Mine or discover, develop or acquire Mineral Resources for production; dependency on the Brucejack Mine for our future operating revenue; the development of our properties and expansion of our operations; our need or ability to raise enough capital to mine, develop, expand or complete further exploration programs on our mineral properties; our ability to generate operating revenues and cash flow in the future; failure of counterparties to perform their contractual obligations; general economic conditions; the inherent risks in the mining industry; the commercial viability of our current and any acquired mineral rights; availability of suitable infrastructure or damage to existing infrastructure; transportation, processing and refining risks; maintaining satisfactory labour relations with employees and contractors; significant governmental regulations, including environmental regulations; non-compliance with permits that are obtained or delay in obtaining or renewing, failure to obtain or renew permits required in the future; increased costs and restrictions on operations due to compliance with health, safety and environmental laws and regulations; compliance with emerging climate change regulation and the detrimental effects of climate change; potential opposition from non-governmental organizations; uncertainty regarding unsettled First Nations rights and title in British Columbia; maintaining our social license to operate; uncertainties related to title to our mineral properties and surface rights; land reclamation and mine closure requirements; our ability to identify and successfully integrate any material properties we acquire; currency exchange rate fluctuations; competition in the mining industry for properties, qualified personnel and management; our ability to attract and retain qualified management and personnel; potential inability to attract development partners or our ability to identify attractive acquisitions; compliance with foreign corrupt practices regulations and anti-bribery laws; changes to rules and regulations, including accounting practices; limitations in our insurance coverage and the ability to insure against certain risks; risks related to ensuring the security and safety of information systems, including cyber security risks; significant growth could place a strain on our management systems; share ownership by our significant shareholders and their ability to influence our operations and governance and, in case of sales of our shares by such significant shareholders, our share price; failure to comply with certain terms of the convertible notes; reputational risks; and certain actions under United States federal securities laws may be unenforceable. This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended. Our forward-looking information is based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond our control. In connection with the forward-looking information contained in this news release, we have made certain assumptions about, among other things: our business and operations and that no significant event will occur outside of our normal course of business and operations (other than as expressly set out herein); planned exploration, development and production activities and the results, costs and timing thereof; future price of gold and silver and other metal prices; the accuracy of our Mineral Resource and Mineral Resource estimates and related information, analyses and interpretations (including with respect to any updates or anticipated updates); the geology and mineralization of the Brucejack Project; operating conditions; capital and operating cost estimates; the results, costs and timing of future exploration and drilling; timelines and similar statements relating to the economic viability of the Brucejack Mine; timing and receipt of governmental, regulatory and third party approvals, consents, licenses and permits; obtaining required renewals for existing approvals, consents, licenses and permits; the geopolitical, economic, permitting and legal climate that we operate in; the adequacy of our financial resources, and our ability to raise any necessary additional capital on reasonable terms; commodity prices; currency exchange rates and interest rates; political and regulatory stability; requirements under applicable laws; market competition; sustained labour stability and availability of equipment; positive relations with local groups; stability in financial capital markets; and the impact of the COVID-19 outbreak. Although we believe that the assumptions inherent in forward-looking information are reasonable as of the date of this news release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained in this news release. Additional information about the risks and uncertainties concerning forward-looking information and material factors or assumptions on which such forward-looking information is based is provided in our public disclosure documents as filed in Canada on SEDAR at www.sedar.com and in the United States through EDGAR at the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov. Forward-looking information is not a guarantee of future performance. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. For the reasons set forth above, readers should not place undue reliance on forward-looking information. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.

Vancouver, British Columbia–(Newsfile Corp. – September 13, 2021) – IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) ("IMPACT" or the "Company") is pleased to announce it has purchased another surface drilling rig to add to productivity of its exploration plans for 2021-2022. This brings the total Company-owned drill fleet to two surface and two underground rigs. To date in 2021, IMPACT has drilled over 9,000 meters. Initial drill assay results have been published and further results are pending.

With this new drilling capacity IMPACT plans to add a second phase of drilling for an additional 10,000 meters to test priority targets including the Pachuqueno area of the Guadalupe Mine, southern extensions of the San Ramon mine, and initial drilling on new greenfields targets developed by the Exploration team.

CEO Fred Davidson stated "With cashflow positive at operations and a healthy treasury we are focusing on following up on the many qualified and highly prospective targets within our GIS database on our large 211 square kilometer land package. The fourth drill will add productivity and capacity for us to test new targets starting with the San Ramon Mine South area which could open up new areas for mining."

The current Phase One 10,000 metre drill program on both near mine and greenfield exploration targets (see IMPACT news release dated February 1, 2021) program is ongoing. Initial Phase One drill results from the Veta Negra Mine area included 9.8 meters of 211 g/t Silver and 13.85 meters of 186g/t Silver (see IMPACT news release dated July 13, 2021).

ABOUT IMPACT SILVER

IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10.9 million ounces of silver, generating revenues over $212 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details). Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver-gold zones and has placed multiple zones into commercial production.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P. Eng., Vice President and Director of IMPACT Silver Corp., and a Qualified Person as defined under Canadian National Instrument 43-101, approved the technical information in this news release..

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(778) 887-6489 or inquiries@impactsilver.com

Neither 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.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationship with vendors and strategic partners, government regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

705-543 Granville Street Telephone (604)664-7707

Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96288

COEUR D'ALENE, Idaho, September 10, 2021–(BUSINESS WIRE)–Hecla Mining Company’s (NYSE:HL) President and CEO, Phillips S. Baker, Jr., will present at the Gold Forum Americas on Monday, September 13, 2021, at 1:30 p.m. (ET). A recorded webcast and presentation materials will be available at https://www.goldforum.live/DGG/Hecla-Mining and also on the Company’s website at www.hecla-mining.com.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Category: Press Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210910005549/en/

Contacts

Jeanne DuPont
Senior Communications Coordinator

800-HECLA91 (800-432-5291)
Investor Relations
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

DENVER, CO / ACCESSWIRE / September 10, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") will be presenting at The Gold Forum Americas / XPL-DEV 2021 Conference, which is being held in Colorado Springs, CO September 12-15, 2021.

Allen Palmiere, President and Chief Executive Officer will provide a brief overview of the Company's business and describe for listeners the rationale for our recent announcement regarding the acquisition of Aquila Resources during a live presentation scheduled to occur on Monday, September 13, 2021, at 11:20 am Mountain Time (1:20 pm Eastern Time). GRC will also participate in one-on-one meetings with investors who are registered to attend the conference.

If you would like to listen to the Company's presentation, please click on the following link:

Webcast: goldforum.info/?e59play-virtual54.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with current operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the Company focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine, to close our acquisition of Aquila Resources Inc., and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/663608/Gold-Resource-Corporation-Attending-The-Gold-Forum-Americas-XPL-Dev-2021-Conference

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we'd take a look at whether Investigator Resources (ASX:IVR) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Investigator Resources

When Might Investigator Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2020, Investigator Resources had AU$14m in cash, and was debt-free. In the last year, its cash burn was AU$4.7m. Therefore, from December 2020 it had 2.9 years of cash runway. That's decent, giving the company a couple years to develop its business. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. Depicted below, you can see how its cash holdings have changed over time.

debt-equity-history-analysisdebt-equity-history-analysis
debt-equity-history-analysis

How Is Investigator Resources' Cash Burn Changing Over Time?

In our view, Investigator Resources doesn't yet produce significant amounts of operating revenue, since it reported just AU$70k in the last twelve months. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. In fact, it ramped its spending strongly over the last year, increasing cash burn by 179%. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Investigator Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Investigator Resources Raise More Cash Easily?

Given its cash burn trajectory, Investigator Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$86m, Investigator Resources' AU$4.7m in cash burn equates to about 5.4% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Investigator Resources' Cash Burn?

As you can probably tell by now, we're not too worried about Investigator Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. While we must concede that its increasing cash burn is a bit worrying, the other factors mentioned in this article provide great comfort when it comes to the cash burn. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Investigator Resources (of which 2 are concerning!) you should know about.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce the appointment of Mr. Edmond Thorose, MBA, B.Sc (Hons) to the position of President of the Company, effective immediately.

Since 2010, Mr. Thorose has been engaged in a corporate development role, first with Victoria Gold Corp, where he was responsible for evaluating M&A opportunities in the Americas, performing detailed due diligence on dozens of precious metals projects and from 2015 to 2019 at Red Cloud Klondike Strike Inc., as VP Corporate Development to identify and assess M&A opportunities for clients.

In his most recent role as Advisor to Blue Thunder Mining Inc., Mr. Thorose played an important role consolidating that company’s strategic property portfolio in the Chibougamau Gold District of Quebec, Canada, via numerous transactions. Mr. Thorose holds an Honours Bachelor of Science degree in Terrain and Environmental Earth Sciences from the University of Toronto and an MBA from the Schulich School of Business.

Chad Williams, Executive Chairman of Honey Badger commented, “I take considerable pride in appointing Ed to this leadership position. His experience sourcing and evaluating assets and executing transactions will be of great benefit to our Company as we expand our silver inventory.”

For more information, please visit our website above, or contact: Ms. Christina Slater at cslater@honeybadgersilver.com.

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release and any other information herein that is not a historical fact may be "forward-looking information".

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, but are not limited to, volatility in the trading price of common shares of the Company; risks relating to the ability of the Company to obtain required approvals, complete definitive documentation; ability of the Company to complete further exploration activities; the results of exploration activities; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver's issuer profile.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Extensive Portfolio of Pioneering Clean Technologies; Cellulosic Biofuels

VIRGINIA CITY, Nev., Sept. 09, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced its acquisition of 100% of the issued and outstanding equity of Plain Sight Innovations Corporation (“PSI”) in exchange for 8,500,000 restricted shares of its common stock, and all of the intellectual property assets of PSI’s affiliate, FLUX Photon Corporation (“FPC”), in exchange for a performance-based cash payment equal to 20% of the Company’s future consolidated net cash flow from operations up to $18,000,000.

PSI’s management team has deep experience in a diverse array of industries, including renewable fuels, hazardous waste, agriproducts, and other commodities with almost thirty years of clean technology research, development, and commercialization expertise, with an emphasis on the extraction and valorization of natural resources.

PSI owns an array of patented, patent-pending and proprietary process technologies that were designed to convert low cost, ubiquitous woody biomass feedstocks into cellulosic ethanol, while producing a portfolio of co-products, including renewable diesel and an extraordinary new form of biomass-derived crystalline graphite, or biographite, with compelling applications in the production of carbon neutral batteries and other electrification components. PSI also operates a commercial pilot cellulosic fuel facility based on its technologies in Wisconsin, where it has already proven the ability to efficiently convert various forms of woody biomass into cellulosic ethanol and co-product precursors for renewable diesel, biographite, bioplastics, and a portfolio of carbon neutral alternatives to fossil fuels.

The Path to Decarbonization is in Plain Sight

The transportation sector is expected to dramatically increase the production of electric vehicles to more than 30% of all auto sales by 2030. However, more than two thirds of the energy required to power those electric vehicles is expected to come from burning fossil fuels, and the direct combustion of liquid fuels will most certainly continue to be the dominant source of power for transportation for decades. Burning less, burning smarter, and reusing emissions are therefore critical objectives as the world moves to clean energy and decarbonization.

“Renewable fuels provide a critical pathway for decarbonization, however, most current forms of renewable fuel draw from the same pool of conventional feedstocks, including corn and various vegetable oils in the U.S., and the entire universe of those feedstocks only represents a tiny fraction of the domestic burn,” said David Winsness, PSI’s founder and Chief Executive Officer. “Unfortunately, the lifecycle carbon benefits of growing, harvesting, and using conventional feedstocks are extremely limited. Our technologies were designed to address that dilemma by converting abundantly available forestry wastes, short rotation energy crops, and other low-cost sources of woody biomass into natural liquid fuels with vastly superior benefits for a fraction of the refining costs of conventional renewable fuels.”

The U.S. Department of Energy has estimated that more than one billion tons of forestry wastes and other forms of biomass will be produced annually by 2027 with continued growth thereafter. That’s enough new feedstock to produce as much as 70 billion gallons per year of advanced carbon neutral fuels with PSI’s proven technologies, or more than one third of the U.S. transportation demand on an energy equivalent basis.

Cellulosic Fuels

“That’s enough feedstock to rapidly neutralize motor fuel emissions in conjunction with America’s transition to electrification and renewable energy,” added Winsness. “PSI’s cellulosic fuels facilities will be the first of their kind, with an expected financial, natural, and social impact far in excess of any other platform, renewable or otherwise.”

PSI’s first facility is expected to scale up to an initial capacity exceeding 330,000 tons per year of forestry wastes over its first three years of operations, as it extracts, converts, and refines biomass into ethanol, renewable diesel fuel, and biographite to generate annualized revenues exceeding $86,000,000, $173,000,000, and $346,000,000 per year during the facility’s first three full years of operations, respectively, as shown in the following summary projections:

2023

2024

2025

2026

Throughput (tons per year)

33,000

85,500

165,000

330,000

Revenue ($000s per year)

$

34,626

$

86,565

$

173,131

$

346,262

Comstock’s Executive Chairman and Chief Executive Officer, Corrado De Gasperis, commented, “Cellulosic fuel production, like lithium-ion battery recycling and industrial hemp production, is poised for, and we are planning for, exponential growth. Our guidance for these three businesses represents just one facility each and we are planning for over one hundred cellulosic fuel facilities in the U.S. alone. That level of production barely dents the transportation fuels market, yet it represents a meaningful impact on shifting consumption and the resulting decarbonization.”

Ecosystem of Strategic Feedstocks, Processes, and Products

PSI’s technologies are especially important to the Company’s plans to build a synergistic ecosystem of strategic lines of business and production facilities with complimentary feedstocks and products, supported by world class technological and engineering talent. The Company’s ability to systemically discover, develop, engineer, manufacture and commission its own solutions, represents a remarkable competitive advantage that enables speed.

Benchmark Mineral Intelligence estimates that the major automakers have committed over $300 billion to developing electric vehicles (“EVs”) and that over 2,000 GWh of lithium-ion battery (“LIB”) production capacity is in the pipeline. That amount of production in turn equates to 1.4 million tons of new annual graphite demand by 2028. Conventional graphite comes from natural deposits or the carbonization of petroleum products, with market values ranging from about $10,000 per ton for natural graphite to $20,000 per ton for synthetic graphite.

De Gasperis continued, “Most of my relevant experience comes from managing the global manufacturing of carbon-based, material-science products, particularly synthetic graphite. I was literally stunned by PSI’s discovery of a natural source of carbon neutral biographite. When we consider that every cathode in every lithium-ion battery needs an anode, and most anodes are made from synthetic graphite which is substantially all produced with carbon intensive fossil fuel derivatives, then we understand that that industry is not climate smart or clean. We can fundamentally change the game by introducing the world’s first scalable carbon neutral alternative to fossil fuel derived graphite.”

PSI’s intellectual property portfolio also includes remarkably advanced new approaches to carbon capture and utilization, atmospheric water harvesting, waste heat and energy recovery, and industrial photosynthesis for terascale decarbonization and the sustainable production of very large agricultural outputs for fractional inputs.

About Comstock Mining Inc.
Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.

Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact Information

Comstock Mining Inc.
P.O. Box 1118
Virginia City, NV 89440
www.comstockmining.com

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com

Zach Spencer
Director of External Relations
Tel (775) 847-5272 Ext.151
questions@comstockmining.com

DENVER, CO / ACCESSWIRE / September 9, 2021 /Solitario Zinc Corp. ("Solitario") (NYSE American:XPL); (TSX:SLR) is pleased to announce that it is participating in the Denver Gold Forum, September 12-15th, 2021. President and CEO, Chris Herald will host virtual one on one meetings during the event and will deliver an online presentation and corporate update on Monday, September 13th at 2:00pm Mountain. The presentation will feature the recently acquired Golden Crest gold project in South Dakota, as well as the advanced Florida Canyon and Lik high-grade zinc projects. View webcast and replay here. For more information on the conference please visit https://www.goldforumamericas.com/

About Solitario

Solitario is an emerging zinc and gold exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its newly acquired Golden Crest gold properties, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.8 million. Additional information about Solitario is available online at www.solitariozinc.com.

FOR MORE INFORMATION, CONTACT:

Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

Valerie Kimball
Director – Investor Relations
720-933-1150
(800) 229-6827

SOURCE: Solitario

View source version on accesswire.com:
https://www.accesswire.com/663340/Solitario-Presents-at-the-Denver-Gold-Forum-Annual-Conference

Point Roberts, Washington and Delta, British Columbia–(Newsfile Corp. – September 9, 2021) – Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring an exclusive interview with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF).

Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/090721-Mining-AUN.mp3

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Listen to Exploring Mining on Spotify

Investorideas.com spoke with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF), who said that the resumption of activity at the company's flagship Revenue-Virginius polymetallic mine in Ouray, Colorado – which initiated commissioning with development ore on August 27, 2021 – puts Aurcana on track for success.

"This brings us back into the group of "producer" again and this is something that we've been wanting to do since I took over Aurcana in mid 2014," Drover said.

A recent press release reported initial assay results from the mine's 1800 drift level, which showed an "average undiluted grade over 78 feet of drift of 54.0 (33.9 diluted to a minimum mining width of 1.5 ft) ounces per ton silver equivalent (AgEq)1 per short ton (ST)." The vein's actual width turned out to be 1.19ft, higher than the modeled width of 0.23 feet, on which Drover commented:

"It bodes very well for what we can expect to mine when we're in the stope itself."

The aforementioned vein is the Virginius vein which currently commands most of the company's attention, but Drover went on to discuss the other veins at Revenue-Virginius.

"We have nine major veins on our property," he said. "We're going to be mining [the Virginius vein] for the next seven years for sure, and probably a lot longer than that. We do have the Terrible vein, the Yellow Rose, the Wheel of Fortune – and all of these veins have all been in production at one time in the past, but we just haven't had the chance to get to them to do a large amount of exploration at this stage. We are doing some work on the Wheel of Fortune, and we hope to be able to get a drilling program completed on that sometime in the not too distant future. But right now our focus is on the Virginius vein, of course, and getting ourselves positioned so that we can get up to full production from that vein."

Drover explained that while Aurcana's original intention to become cash flow positive by September has been delayed, the company is still on track to ramp up production.

"We had originally anticipated being cash flow positive in September, but of course we've been delayed a month," he said. "That delay was caused by congestion on the 1800 level."

"We're looking at October now before we're going to be hitting cash flow positive, but we're pretty certain that October is going to be the month when we will hit our numbers," he said. "We'll get up to 270 tons per day, and be cash flow positive. Over the course of September we're going to be ramping up from about 130 tons per day to about 270 in October.

In the future, in 2022-23, we'll be looking to expand that 270 up toward the 500 tons a day, and get up toward the 6-6.5 million ounce production number."

With activities resumed on the property, Aurcana foresees the possibility of mine life extending past feasibility study projections.

"The Revenue-Virginius mine, as per the feasibility study, has a seven year mine life," Drover said. "We certainly anticipate decades. We still have to do the homework, but we intend to be developing toward the north on our 1800, 1500, and 1200 levels, and we anticipate that the Virginius vein runs another 8,000 feet of strike length. We think we're going to be mining there in excess of 20 years."

Though the company's recent news has been focused on the Revenue-Virginius property, Drover also discussed the status of the company's Shafter-Presidio Silver Project in Texas.

"We are doing some work on the Shafter project," he said. "It's going to be a mine again, it's pure silver. We are doing a new resource estimate on that that we hope to have out soon. We are looking to possibly do a drill program later in this year to expand the resource somewhat, and to get samples for metallurgical testing. Sometime in the first half of 2022 we anticipate initiating a feasibility study, and, pending a positive feasibility study, we would probably be in a position to make a production decision sometime in the mid 2022 to third quarter of 2022."

ABOUT AURCANA SILVER CORPORATION http://www.aurcana.com/

Aurcana Silver Corporation owns the Revenue Mine in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at both the Shafter-Presidio Project and the Revenue Mine is silver. Both are fully permitted for production.

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CHICAGO, September 08, 2021–(BUSINESS WIRE)–Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) President and Chief Executive Officer, Mitchell J. Krebs, will present at Gold Forum Americas in Colorado Springs, Colorado on Monday, September 13, 2021 at 1:50 p.m. Mountain Time.

The Gold Forum Americas is a virtual- and invitation-only investment conference. The webcast and presentation materials will be made available through the Company’s website at www.coeur.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005774/en/

Contacts

Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

Shares Outstanding: 277,741,117
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Sept. 8, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 5 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-060 intersected 82.9m of 265 g/t silver equivalent ("AgEq"), including 8.1m of 1,127 g/t AgEq, which also included 1.4m of 2,587 g/t AgEq. See Table 1 for breakdown of silver and gold values.

"El Favor is providing us with exciting drilling results at both the eastern and western ends. Hole 60 is near the west end of the deposit, and gave us an excellent high grade intercept of over 2 kilos, enveloped in a very wide 83m intercept of 265 g/t AgEq. At the other end, in El Favor East, hole 59 is a strong hole which is 100m to the east of hole 56, previously our most easterly hole in El Favor East," said Brad Langille, President and CEO. "We continue to extend strike length at El Favor with excellent widths and grades, which we anticipate will contribute greatly to the upcoming resource."

Table 1: Drill Hole Intersections

Hole ID

Area / Vein

From

To

Length1

Au

Ag

AuEq2

AgEq2

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

(g/t)

LRGF-21-057

El Favor East

13.5

64.9

51.4

0.32

79.4

1.38

103.5

including

31.2

33.0

1.9

2.74

779.6

13.14

985.1

and

83.8

100.5

16.8

0.20

107.9

1.64

123.1

including

97.1

99.1

2.0

0.54

380.1

5.61

420.7

LRGF-21-058

El Favor3

5.8

91.0

84.2

0.18

78.7

1.23

92.0

including

11.5

13.8

2.3

0.70

388.7

5.88

441.1

including

12.0

12.8

0.8

1.36

817.8

12.27

920.0

incl. Salomon3

50.0

73.0

22.0

0.47

190.0

3.00

225.2

including3

60.0

67.0

6.0

1.35

587.9

9.19

689.4

including

61.2

63.0

1.9

2.92

1,356.1

21.01

1,575.4

LRGF-21-059

El Favor East

112.2

139.4

27.2

0.38

11.8

2.27

170.5

including

133.8

135.7

1.9

2.45

1,073.2

16.76

1,257.2

LRGF-21-060

El Favor4

8.0

93.0

82.9

0.36

238.3

3.54

265.3

including4

45.6

92.0

44.4

0.62

407.7

6.05

454.1

including4

66.7

82.6

13.8

1.09

700.3

10.43

782.2

including4

72.5

82.6

8.1

1.56

1,009.2

15.02

1,126.5

including

77.4

78.8

1.4

5.66

2,162.8

34.49

2,587.0

LRGF-21-061

El Favor East

75.5

118.2

40.7

0.21

124.7

1.87

140.2

including

76.5

79.8

3.3

0.56

583.6

8.34

625.6

including

77.5

78.3

0.8

1.80

1,629.3

23.52

1,764.2

1.

Not true width

2.

AqEq converted using a silver to gold ratio of 75:1 at recoveries of 100%

3.

Excludes 1.0m of historically mined void

4.

Excludes 2.1m of historically mined void

Figure 1: El Favor Drill Hole Locations

Figure 1: El Favor Drill Hole Locations (CNW Group/GoGold Resources Inc.)Figure 1: El Favor Drill Hole Locations (CNW Group/GoGold Resources Inc.)
Figure 1: El Favor Drill Hole Locations (CNW Group/GoGold Resources Inc.)

Figure 2: El Favor East

Figure 2: El Favor East (CNW Group/GoGold Resources Inc.)Figure 2: El Favor East (CNW Group/GoGold Resources Inc.)
Figure 2: El Favor East (CNW Group/GoGold Resources Inc.)

The exploration team has been moving east of El Favor with drilling in 25m stepouts in the eastern end of El Favor, beginning with discovery hole 48, and continuing to intersect wide strong mineralization. This area is known as the El Favor East zone and in addition to these drill holes, additional drill holes further to the east are pending assays. The mapping program at El Favor East has extended the presence of mineralization 900m to the east of hole 48 (El Favor East zone discovery hole), as shown in Figure 2.

Three of the four major veins (Salomon, Guitarrillas and Los Chivos) appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. The merging of these veins continue to provide significant widths of good grade which could be potentially amenable to bulk mining.

The El Orito deposit (as presently defined) is located about 800 metres along strike to the west of the Hundido Pit (see Figure 3). Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, sampling and Induced Polarization ("IP") surveying programs in the area between El Orito and El Favor are underway.

Figure 3: Favor-Orito Long Section

Figure 3: Favor-Orito Long Section (CNW Group/GoGold Resources Inc.)Figure 3: Favor-Orito Long Section (CNW Group/GoGold Resources Inc.)
Figure 3: Favor-Orito Long Section (CNW Group/GoGold Resources Inc.)

Table 2: Drill Hole Locations

Hole ID

Easting

Northing

Elevation

Azimuth

Dip

Length

LRGF-21-057

585878

2336762

1198

180

-45

244

LRGF-21-058

585134

2336469

1301

180

-45

189

LRGF-21-059

586028

2336759

1266

180

-45

220

LRGF-21-060

585103

2336463

1295

180

-45

228

LRGF-21-061

586002

2336759

1254

180

-45

252

Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North

Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)
Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

Access the GoGold Company Profile on VRIFY at: https://vrify.com

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/decks/10437 and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects

The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and an initial resource was announced on July 29, 2020 which indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. An initial PEA on the project was announced on January 20, 2021 indicating an NPV5% of US$295M.

The Los Ricos North Project was launched in March 2020 and includes drilling at the El Favor, La Trini, Casados and El Orito targets. During 2020, GoGold's exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential. The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Los Ricos South and North projects, and future plans and objectives of GoGold, including the intention to undertake further exploration at Los Ricos North, and the prospect of further discoveries there, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

CisionCision
Cision

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SOURCE GoGold Resources Inc.

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DALLAS, TX / ACCESSWIRE / September 8, 2021 / Starcore International Mines Ltd. (TSX:SAM): The full report can be accessed by clicking on the following link: http://stonegateinc.com/SAM.TO Initiation.pdf.

COMPANY DESCRIPTION

Starcore International Mines is engaged in precious metals production and exploration with a focus and experience in Mexico. The Company's principal property, the San Martin Mine, is located in Queretaro, Mexico, where it engages in extracting and processing gold and silver. The San Martin Mine is the company's primary source of cash flows. This base of producing assets is complemented by exploration and development projects throughout North America, including the El Creston project, the Teocuitla Claims, and the Ajax Project. The El Creston Project is located in Sonora, Mexico and hosts a porphyry-style molybdenum copper mineralization, The Teocuitla Claims are located in Sonora, Mexico, northwest part of the El Creston property and hosts similar mineralization, and the Ajax Project is an undeveloped molybdenum deposit in the advanced stage of exploration located in British Columbia, Canada. Starcore International Mines Ltd. was founded in 1980. The company was incorporated in 1980. The company was formerly known as Starcore International Ventures Ltd. and changed its name to Starcore International Mines Ltd. in 2008.

SUMMARY

  • Ongoing gold production – Starcore's flagship property, the San Martin Mine, produces silver and gold and generates cash flow, mining ~650 tonnes per day. It is estimated that the property contains a total of 267,306 Oz of AuEq with a current mine life of 10+ years.

  • Low risk exploration exposure – In addition to the principal producing property, Starcore also possesses 100% ownership interest in two additional properties: El Creston, a large molybdenum project located in Mexico, and the Ajax Molybdenum Project, a 1,718-hectare property hosting a porphyry molybdenum deposit.

  • Operational transformation – Starcore has been focused on streamlining its operations through strategic asset sales, increased workforce efficiency, and decreases in management salaries. As a result, the company has seen overall mine costs reduced from $74/t in FY19 to $60/t in FY20.

  • Simplified capital structure – The Company has no long-term debt, and currently has $4.4M in cash. Additionally, ~20% of shares are held by management and/or a strategic shareholder.

  • Responsible mining practices – The Company engages in socially responsible business practices and seeks to create initiatives that will encourage community development and pride. These initiatives are designed to sustain environmental sensitivity, inspire everyone to be mindful of the economic, environmental, and social issues that will impact the community's future.

  • Experienced management team – Collectively, Starcore's management brings over 100 years of experience to the business of mineral exploration and development and offers a unique combination of technical, geographic, and capital markets experience.

  • Valuation – We are using a DCF on our mine model for the San Martin mine. Using a 10% discount rate and incorporating a sensitivity analysis to gold prices we arrive at a valuation range of CAD$0.35 to CAD$0.50 with a mid-point at CAD $0.40. We note that we have not applied any value to additional non-producing assets, El Creston Project, Ajax Project, or its recently acquired Teocuitla claims, all of which would represent upside. See page 7 for further details.

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

CONTACT:

Stonegate Capital Partners
info@stonegateinc.com
(214) 987-4121

SOURCE: Stonegate Capital Partners

View source version on accesswire.com:
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TORONTO, September 08, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, provides an update to its Mineral Reserve and Resource statement as at June 30, 2021.

On a consolidated and attributable basis, estimated contained metal in the proven and probable mineral reserve ("P&P") categories totalled 32.5 million ounces of silver, 139.9 million pounds of zinc, 114.3 million pounds of lead and 30.2 million pounds of copper. Estimated contained metal in the measured and indicated mineral resource ("M&I") categories totalled 72.2 million ounces of silver, 584 thousand ounces of gold, 804.5 million pounds of zinc, 725.4 million pounds of lead and 34.4 million pounds of copper. Please refer to the Company’s website for a breakdown of the Mineral Reserve and Mineral Resource statement by asset.

2021 Mineral Reserve and Mineral Resource Update Highlights – Galena Complex

  • Since the June 2020 Mineral Reserve and Resource statement, exploration drilling was solely focused at the Galena Complex (60% USA/40% Eric Sprott).

  • Drilling to date at the Galena Complex includes completion of the Phase 1 drill program based on the Galena Complex Recapitalization Plan ("Recapitalization Plan") that started in November 2019 and was completed on June 30, 2021. Overall, the Phase 1 drilling program exceeded expectations by over 80% of target for silver and silver equivalent ounces. The Company has now begun the Phase 2 drill program with the goal of matching the success of the Phase 1 drilling as well as the conversion of mineral resources to mineral reserves, with several targets identified both at depth and close to infrastructure over the next 18 months.

  • Year over year, P&P silver reserves at the Galena Complex on a 100% basis increased from 12.0 million silver ounces to 16.6 million silver ounces, a 38% increase from previous reported estimates.

  • M&I silver resources at the Galena Complex on a 100% basis increased from 37.3 million silver ounces to 64.2 million silver ounces, a 72% increase year over year.

  • Inferred silver resources at the Galena Complex on a 100% basis increased from 78.6 million silver ounces to 106.5 million silver ounces, a 36% increase year over year.

"The increase in silver resources at the Galena Complex surpassed the Company’s target of adding 50 million ounces year over year and for all of the Phase 1 drilling program by over 80%, continuing to demonstrate the significant potential of the operation," stated Americas President and CEO Darren Blasutti. "The focus of these additions will be for the operation to double current silver equivalent production at the Galena Complex exiting 2022 coupled with the start of the Phase 2 drilling program which is expected to continue to add more silver ounces at depth and close to infrastructure while also converting silver resources to silver reserves."

Mineral Reserve and Mineral Resource Statement – June 30, 20211

Proven and Probable Mineral Reserves – 100% basis for all assets except the Galena Complex at 60%

Silver Mineral Reserves

Proven

Probable

Proven and Probable

Tonnes

Grade

Ounces

Tonnes

Grade

Ounces

Tonnes

Grade

Ounces

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

Total Silver

1,015

196

6,390

4,472

182

26,141

5,487

184

32,531

Zinc, Lead and Copper Mineral Reserves

Proven

Probable

Proven and Probable

Tonnes

Grade

Pounds

Tonnes

Grade

Pounds

Tonnes

Grade

Pounds

(kt)

(%)

(Mlbs)

(kt)

(%)

(Mlbs)

(kt)

(%)

(Mlbs)

Total Zinc

845

3.21

59.8

1,113

3.26

80.1

1,958

3.24

139.9

Total Lead

956

2.02

42.6

1,419

2.29

71.7

2,376

2.18

114.3

Total Copper

59

0.63

0.8

3,053

0.44

29.3

3,112

0.44

30.2

At the Galena Complex, the Company successfully replaced mined tonnes and added silver ounces to the mineral reserve through the addition of silver-copper veins into the mineral reserve. The Company added approximately 4.6 million ounces (100% basis) which represents a 38% increase year over year. In addition to adding to the silver mineral reserve, the Company added approximately 3.0 million pounds of copper (100% basis) from the successful drilling of high-grade silver-copper rich vein systems. As a result, the silver mineral reserve grade increased from 339 g/t to 475 g/t, a 40% increase year over year.

Due to the illegal blockade at the Cosalá Operations, the Company was not able to conduct any exploration activities on the property and the mineral reserve for the Cosalá Operations remained relatively unchanged year over year. The Company continues to anticipate the near-term restart of mining activities at the Cosalá Operations following the signing of an agreement to reopen the operations with Mexican ministers in July 2021 and will be updating investors in the near term. Once the operation restarts, the Company expects to generate meaningful cash flow from the operation given the prevailing strong silver, zinc and lead prices.

As a result of the temporary suspension of mining operations at Relief Canyon, the Company has reclassified all proven and probable mineral reserves into measured and indicated mineral resources as the Company continues its metallurgical testing at the property. Other than mining depletion, there were no changes in contained gold and silver ounces in the total mineral resource at Relief Canyon.

Measured & Indicated Mineral Resources – 100% basis for all assets except the Galena Complex at 60%

Silver and Gold Mineral Resources – Exclusive of Mineral Reserves

Measured

Indicated

Measured and Indicated

Tonnes

Grade

Ounces

Tonnes

Grade

Ounces

Tonnes

Grade

Ounces

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

(kt)

(g/t)

(koz)

Total Silver

14,614

33

15,324

24,216

73

56,826

38,830

58

72,150

Total Gold

12,457

0.89

355

10,985

0.65

229

23,443

0.78

584

Zinc, Lead and Copper Mineral Resources – Exclusive of Mineral Reserves

Measured

Indicated

Measured and Indicated

Tonnes

Grade

Pounds

Tonnes

Grade

Pounds

Tonnes

Grade

Pounds

(kt)

(%)

(Mlbs)

(kt)

(%)

(Mlbs)

(kt)

(%)

(Mlbs)

Total Zinc

1,574

2.27

78.9

8,555

3.85

725.6

10,129

3.60

804.5

Total Lead

1,900

2.20

92.2

10,323

2.78

633.2

12,223

2.69

725.4

Total Copper

514

0.42

4.8

4,787

0.28

29.6

5,301

0.29

34.4

At the Galena Complex, the Company completed Phase 1 drilling as part of the Recapitalization Plan. The M&I silver resource (100% basis) increased from 37.3 million silver ounces to 64.2 million silver ounces, a 72% increase compared to last year. M&I lead resource (100% basis) increased by 127% year over year to 600 million pounds while M&I copper resource (100% basis) increased by 42% year over year to 18.5 million pounds. The exploration drilling successfully expanded known vein systems in addition to identifying new vein systems.

The Phase 2 drill program has commenced with several targets identified with the goal of continuing to grow the silver mineral resource of existing vein systems and to discover potential new orebodies both at depth and near surface. Drilling will continue to focus on the three south-east plunging veins including the 72 Vein, the Silver Vein and the down-dip extension of the 360 Complex. Drilling has started from a drill station further east on the 5500-Level to continue to test the extension of the Silver Vein following the success of the initial 21-hole drill program. The first drill hole from this station has commenced and is targeting the Silver Vein approximately 500 feet below the drill station. Subsequent drill stations are planned further east on the 5500-Level to continue to target the Silver Vein and 360 Complex. The initial drilling success of the 360 Complex during Phase 1 is believed to be the top of the system with the potential to extend at depth. Phase 2 drilling will include continued exploration in gap areas within this south-east plunging trend to determine continuity and potential sources of these high-grade mineralized vein systems.

The goal of Phase 2 drilling is to match the success of the Phase 1 drilling as well as add significant mine life through the conversion of mineral resources to mineral reserves.

Inferred Mineral Resources – 100% basis for all assets except the Galena Complex at 60%

Silver and Gold Mineral Resources

Inferred

Tonnes

Grade

Ounces

(kt)

(g/t)

(koz)

Total Silver

12,208

197

77,312

Total Gold

2,732

0.29

25

Zinc, Lead and Copper Mineral Resources

Inferred

Tonnes

Grade

Pounds

(kt)

(%)

(Mlbs)

Total Zinc

4,457

2.53

248.2

Total Lead

7,830

4.21

726.3

Total Copper

3,654

0.36

28.9

The inferred silver resource benefitted from the continued drilling at the Galena Complex pursuant to the Recapitalization Plan. Inferred silver resource (100% basis) at the Galena Complex increased from 78.6 million silver ounces to 106.5 million silver ounces, representing a 36% increase from the previously reported estimate while the grade remained relatively unchanged. Inferred lead resource (100% basis) at the Galena Complex increased by 27% to 1,010 million pounds from the previously reported estimate. With the successful drilling of silver-copper ore at Galena, the Company was able to increase inferred copper resource (100% basis) by 47% to 24.2 million pounds from the previously reported estimate. With the remaining drilling considered under the Recapitalization Plan, the Company is confident that inferred mineral resources will continue to increase, offset by any upgrades in mineral resource classification in next year’s Mineral Resource estimate.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Qualified Persons

All Mineral Resource estimates were prepared internally by, or under the supervision of, Niel de Bruin, P.Geo., the Company’s Director of Geology and a "qualified person" for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). All Mineral Reserve estimates and all other technical or scientific information in this news release has been prepared internally by, or under the supervision of, Shawn Wilson, P.Eng., the Company’s VP Technical Services and a "qualified person" for the purpose of NI 43-101. These estimates reflect the Company's 60% interest in the Galena Complex. See "Notes for Mineral Reserve and Mineral Resource Estimates" below regarding matters relating to review and verification of sampling, analytical and test data underlying the information contained in the written disclosure.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated production rates and results for gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures, the recapitalization plan at the Galena Complex, including the expected production levels and potential additional mineral resources thereat; the resumption of mining and processing operations at the Cosalá Operations following the resolution of the illegal blockade, including expected production levels; the expected capital costs required in connection with the resumption of mining and processing operations at the Cosalá Operations; the expectations regarding the level of support from the Mexican government with respect to the long‐term stability of Cosalá Operations, and its ability to maintain such support in the near‐and long‐term; the Company’s production, development plans and performance expectations at the Relief Canyon Mine and its ability to finance, develop and operate Relief Canyon, including the expected improvement of operations in connection therewith, the timing and conclusions of the data compilation and analysis occurring at Relief Canyon, the length of time of the temporary pause in mining operations at Relief Canyon and expected timing for the re‐start of the Relief Canyon operations after such pause . Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction, bring to production and operate the Relief Canyon Project; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms "mineral resource", "measured mineral resource", "indicated mineral resource", "inferred mineral resource" used in the press release are Canadian mining terms used in accordance with NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission ("SEC"). As such, information contained in the Company's disclosure concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

1 Notes for Mineral Reserve and Mineral Resource Estimates:

CIM (2014) Definition and Standards were followed for Mineral Reserve and Mineral Resource Estimates. Mineral Reserves are estimated at a net smelter return ("NSR") cut-off value of US$50/tonne at San Rafael, US$45/tonne at El Cajón, US$45/tonne at Zone 120 and US$198/tonne at Galena. The NSR cut-off is calculated using recent operating results for recoveries, off-site concentrate costs, and on-site operating costs. Mineral Reserves are estimated using metal prices of US$18.00 (US$17.00 in 2020) per ounce of silver, US$2.75 (US$2.50 in 2020) per pound of copper, US$0.90 (US$0.90 in 2020) per pound of lead and US$1.10 (US$0.90 in 2020) per pound of zinc. Numbers may not add or multiply accurately due to rounding.

Mineral Resources are estimated at a NSR cut-off value of US$34/tonne at San Rafael, US$45/tonne at El Cajón, US$45/tonne at Zone 120 and US$198/tonne at Galena. Mineral Resources are estimated at a 90g/tonne silver equivalent cut-off grade at Nuestra Señora. Mineral Resources are estimated at a 2.3% zinc equivalent cut-off grade at San Felipe. Mineral Resources are estimated at a 0.17g/tonne gold cut-off grade at Relief Canyon and are constrained by a $1,500 gold pseudoflow pit shell. Inferred Mineral Resources at Relief Canyon include existing low-grade stockpiles. Mineral Resources are estimated using metal prices of US$1,500 (US$1,500 in 2020) per ounce of gold, US$22.00 (US$20.00 in 2020) per ounce of silver, $3.50 (US$3.00 in 2020) per pound of copper, US$1.05 (US$1.05 in 2020) per pound of lead and US$1.25 (US$1.05 in 2020) per pound of zinc. Mineral Resources are reported exclusive of Mineral Reserves and as such the Mineral Resources do not have demonstrated economic viability. Numbers may not add or multiply accurately due to rounding.

Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is therefore no certainty that the conclusions of the initial exploration drilling results will be realized. Additionally, where the Company discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

Varying cut‐off grades have been used depending on the mine, methods of extraction and type of ore contained in the reserves. Mineral Resource metal grades and material densities have been estimated using industry‐standard methods appropriate for each mineral project with support of various commercially available mining software packages. The Company’s normal data verification procedures have been employed in connection with the calculations. Verification procedures include industry standard quality control practices. Sampling, analytical and test data underlying the stated mineral resources and reserves have been verified by employees of the Company under the supervision of Qualified Persons, for purposes of 43‐101 and/or independent Qualified Persons. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant issues that would materially affect the Mineral Reserve and Mineral Resource Estimates. Additional details regarding Mineral Reserve and Mineral Resource estimation, classification, reporting parameters, key assumptions and associated risks for each of the Company’s mineral properties are provided in the respective NI 43‐101 Technical Reports which are available at www.sedar.com and the Company’s website at www.americas-gold.com. Additional notes regarding the current Mineral Reserve and Mineral Resource Statement are available on the Company’s website at https://americas-gold.com/operations/reserves-and-resources/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005398/en/

Contacts

For more information:
Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416-848-9503

Silver price threshold lowered to $20 and silver-linked dividend increased 33% at $25

COEUR D’ALENE, Idaho, September 08, 2021–(BUSINESS WIRE)–Hecla Mining Company ("Hecla")(NYSE:HL) is pleased to announce that its Board of Directors is adding one cent for the silver-linked dividend starting at a new, lower quarterly average realized silver price of $20. The policy increases the quarterly dividend by 33% at $25 realized silver price threshold.

"Our further enhanced dividend policy reflects Hecla’s strong free cash flow generation from the United States’ largest and lowest cost silver mines that produce more than 40% of all the silver mined in the United States," said Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr. "Hecla has consistently paid dividends since 2010 and has enhanced the policy three times in the last 12 months. Hecla’s dividend policy has the industry’s only silver-linked dividend providing sustainable returns to our shareholders and demonstrates our operational and financial discipline. And with the new policy shareholders receive a silver-linked dividend at a lower silver price and get a third more dividends at $25 silver."

The table below provides an overview of the enhanced silver-linked dividend with a lower silver-linked price threshold.

Quarterly Average Realized Silver Price

Quarterly Silver-Linked Dividend

Annualized Silver-Linked Dividend

Annualized Minimum Dividends

Annualized Dividends: Silver-Linked & Minimum Dividends

$20

$0.0025

$.01

$.015

$.025

$25

$.01

$.04

$.015

$.055

$30

$.015

$.06

$.015

$.075

$35

$.025

$.10

$.015

$.115

$40

$.035

$.14

$.015

$.155

$45

$.045

$.18

$.015

$.195

$50

$.055

$.22

$.015

$.235

Visit Hecla’s website at www.hecla-mining.com which includes more in-depth information about the company, our people, our properties, interesting historical and silver facts, social responsibility initiatives and accomplishments, and a detailed investor section.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Cautionary Statements

Statements made which are not historical facts, such as strategies, plans, anticipated payments, litigation outcome (including settlement negotiations), production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may", "will", "should", "expects", "intends", "projects", "believes", "estimates", "targets", "anticipates" and similar expressions are used to identify these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, environmental and litigation risks, operating risks, project development risks, political risks, labor issues, ability to raise financing and exploration risks and results. Refer to the company's Form 10-K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.

Category: Press Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005409/en/

Contacts

Jeanne DuPont
Senior Communications Coordinator
800-HECLA91 (800-432-5291)
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven" or the "Company") announces a non-brokered private placement (the "Offering") to raise gross proceeds of up to $1,650,000. The private placement will consist of the sale of up to 15,000,000 common shares at a price of $0.11 per share. The proceeds from the Offering will be used for working capital purposes.

No finders' fees or brokers' commissions are expected to be paid in respect of the Offering.

The Offering is scheduled to close on or about September 30, 2021 and is subject to certain conditions including, but not limited to, the receipt of TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a hold period in Canada of four months plus one day from closing.

About Rockhaven

Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada" which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd. –
T:604-687-2522
mturner@rockhavenresources.com

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.

Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Rockhaven cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the control of Rockhaven. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, the ability of Rockhaven to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in Rockhaven's financial statements available under the Rockhaven profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Rockhaven undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: Rockhaven Resources Ltd.

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https://www.accesswire.com/663226/Rockhaven-Resources-Ltd-Announces-Private-Placement-of-up-to-1650000

TORONTO, September 08, 2021–(BUSINESS WIRE)–Silver Bear Resources Plc ("Silver Bear" or the "Company") (TSX: SBR) announces that, as a result of a review by staff of the Ontario Securities Commission, the Company is issuing the following news release regarding its current Technical Report on the Mangazeisky Silver Project and concurrently with the issuance of this press release is filing certain material contracts previously entered into by the Company.

OSC staff have indicated that the technical report titled "Mangazeisky Silver Project MRE Update and Strategy Re-Assessment, Republic of Sakha (Yakutia), Russian Federation" (the "Technical Report") filed on 30 March 2021 does not comply with certain technical requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Products ("NI 43-101") and Form 43-101F1 Technical Report ("Form 43-101F1"). Specifically, OSC staff identified deficiencies in the Technical Report including the qualification of one Qualified Person and his responsibility for certain sections and items of the Technical Report, certain Form 43-101F1 content requirements, the requirement for a current personal inspection, and the inclusion of mineral inventory not categorized as a mineral resource. No issues were identified by OSC staff with respect to the disclosed Mineral Resources nor with the economic analysis of the Mangazeisky Silver Project.

As a result of the review, the Company will have prepared and will file an amended technical report addressing each of the concerns outlined by OSC staff (the "Amended Technical Report") by not later than October 29, 2021.

The Company will issue a subsequent press release when the Amended Technical Report is filed on the Company's SEDAR profile. Concurrent with the filing of the Amended Technical Report, the Company will also file an amended and restated annual information form for the year ended December 31, 2020 (the "Amended AIF"). The Amended AIF will refer to the Amended Technical Report and correct certain material contract disclosure contained therein. As well, concurrently with the issuance of this news release, Silver Bear is filing certain amendments to its Amended and Restated Facilities Agreement dated as of March 27, 2017 and its Loan agreement with SKA Assets Management Limited, which material contracts should have been filed at an earlier date.

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km2 that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Group attained first silver production as a result of commissioning activities and on 1 July 2019 the Group achieved full commercial production. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Group's website at www.silverbearresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908006133/en/

Contacts

Vadim Ilchuk
President and Chief Executive Officer
T: +7 985 866 8877
info@silverbearresources.com

Judith Webster
Investor Relations Manager & Corporate Secretary
T: +416 453 8818
jwebster@silverbearresources.com

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announced that on September 7, 2021 the company entered into agreements with two private purchasers providing for the sale of an aggregate of 515,365 common shares (the “Sale Shares”) held by Fortuna in Keon Capital Inc. (formerly Prospero Silver Corp.) (“Keon”), at a purchase price of C$0.10 per common share, for aggregate proceeds of C$51,536.50.

The Sale Shares represent approximately 26.9% of the issued and outstanding common shares of Keon as of September 7, 2021. Upon completion of the transactions contemplated in the sale agreements, Fortuna disposed of all its common shares in Keon and does not hold any common shares or securities in Keon. Fortuna disposed of the Sale Shares for investment purposes and currently has no plan or proposal which relates to or would result in acquiring ownership or control over securities of Keon.

A copy of the early warning report required to be filed by Fortuna with respect to the foregoing matters will be filed and made available under Keon’s profile on SEDAR. A copy of the early warning report may also be obtained by contacting Fortuna’s Corporate Secretary at +1.604.484.4085.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and an advanced development project in Côte d’Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com