Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: LoneClone	8/26/2022 4:29:47 PM
	of 78405

MAI Minera Alamos aka MAI released its quarterly report. They have had an 'interesting' time starting production at Santana, located in Sinaloa, Mexico, the first of three Mexican gold mines they will be building over the next few years. First they had problems with record rainfall causing flooding, but this has since turned into a record drought for the area, an obvious problem for a heap leach mine that requires plenty to water to operate. In spite of the drought, they were able to sell 3100 oz Au in Q2 while operating at or above break even and were able to build their cash stash to over $9M at the ned of the quarter. With most of the construction complete and kinks worked out and the rains returning, they have been able to ramp up production and should at last soon be able to declare commerciality. With Santana now virtually complete, MAI is turning their attention to Cerro de Oro, located in Zacatecas. They recently completed a small capital raise to ensure sufficient working capital, and will be releasing a PEA next month. newsfilecorp.com I will add that I agree with IKN that, given the above two items, MAI is perfectly set for a buy right now. I may have to buy even more to add to my stash. iknnews.com Meanwhile, Saville continues to see gold and gold stocks in a holding pattern, with the latter possibly making a new low for the year before reversing upwards for a substantial rally.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next