Heliostar is on track to meet its 2025 production, sales, and cost guidance by restarting its La Colorada gold-silver mine in Sonora, Mexico, in early January. The company reported 9,082 oz of gold equivalent production and 8,034 oz of sales during the first quarter. Sales of 31,000–41,000 oz of gold equivalent are projected for this year. “Q1 2025 was a very strong quarter, the company’s first…
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Orla Mining closes Gold Standard purchase
Canadian-based Orla Mining has completed the previously announced acquisition of Gold Standard Ventures by way of court-approved plan of arrangement. “The closing of this acquisition marks an important milestone in Orla’s journey in becoming a growth-oriented, low-cost, mid-tier gold producer,” said Jason Simpson, president and chief executive officer of Orla Mining. “We will seek to generate shareholder value through effectively…
Read MoreAlamos Gold starts production at La Yaqui Grande
Alamos Gold has begun initial gold production at its La Yaqui Grande mine in Mexico, following the completion of construction earlier this month – ahead of schedule. The Canadian-based gold producer said a total of 991 ounces of gold were produced from the initial pour. La Yaqui Grande is expected to produce approximately 3,000 oz. in June, which Alamos said…
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