A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Mexico-focused silver producer Gatos Silver reported yesterday that the Cerro Los Gatos mine life extended from early 2028 through to the end of 2030, for an additional 2.75 years, with 46% increase in total silver production.
The company added that the new life of mine plan, which is based on recent operating performance, “demonstrates our continued confidence in CLG’s ability to deliver robust margins and consistent cash flow.” Gatos expects average annual production over the life-of-mine of 6.6 million ounces of silver, 65 million pounds of zinc and 47 million pounds of lead, or 12.4 million ounces of silver equivalent production.
The company also said it is now analyzing a number of projects with the potential to further improve margins and mine life as the company moves forward.
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