Rohstoffthread / CCG-Hauptthread

[Kostolanys Erbe]

Arizona Sonoran to hold town hall forum March 21

​

2023-03-15 12:01 ET - News Release



Mr. George Ogilvie reports

ARIZONA SONORAN TO HOST VIRTUAL TOWN HALL FORUM ON MARCH 21 AT 11 AM EDT

Arizona Sonoran Copper Company Inc. will host a live VID town hall forum on Tuesday, March 21, at 11 a.m. EDT.

Join Arizona Sonoran president and chief executive officer George Ogilvie for an update on the company's strategic milestones and work programs as outlined in its Jan. 10, 2023, press release. Advancements of metallurgy, permitting, detailed engineering and drilling activities will feed into the initial reserve declaration and prefeasibility on the Parks/Salyer project and Cactus mine project, expected by Q1 2024.

Management will be available to answer any questions that shareholders may have following the town hall forum during a live question-and-answer session.

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran's objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer projects that could generate robust returns for investors and provide a long-term sustainable and responsible operation for the community and all stakeholders. The company's principal asset is a 100-per-cent interest in the Cactus project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus project is the company's 100-per-cent-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus mine once it becomes a producing asset. The company is led by an executive management team and board which have a long-standing record of successful project delivery in North America complemented by global capital markets expertise.

https://www.stockwatch.com/News/Item/Z-C!ASCU-3378139/C/ASCU

 

[wicki99]

wti-crude:

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

bollwerk für die bullen auf der oberseite von ~81.00$ bis rund 82.60$. schiebt schon eine ganze seitlang seitwärts, die beiden letzten tageskerzen zeigen doch verstärkten vk-druck an. aktuell um 76.70$ handelnd.

wti-crude:

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

future mit tt bei 67.62$.

wti-crude:

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

aktuell -6.5% bei 66.70$ (tt: 65.65$).

 

[metahase]

... der Goldsektor wieder vorbildlich:
- Gold haussiert
- Goldminen hampeln auf der Stelle
und
- Explorer und der kümmerliche Rest im Vollkoma

 

[Kostolanys Erbe]

... der Goldsektor wieder vorbildlich:
- Gold haussiert
- Goldminen hampeln auf der Stelle
und
- Explorer und der kümmerliche Rest im Vollkoma

ja....leider...es fließt anscheinend immer noch kein smart money in den Sektor....bin aber optimistisch, das es sich dieses Jahr noch ändern wird!

 

[wicki99]

servus ihr 2! verabschiede mich für heute. der "harte kern" hält bestimmt noch die stellung.

 

[wicki99]

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

energie-futures intraday gut erholt.

 

[wicki99]

Metals Rise as Wall Street Banks Look to Secure First Republic -- Market Talk

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

#Kupfer

Kupfer

Symbol:

Kupfer

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17 March 2023, 10:27

0827 GMT - Metals prices are moving higher amid a week of financial turmoil, with Wall Street's largest banks looking to deposit $30 billion into First Republic in order to save it from collapse. Three-month copper is up 1.9% to $8,692 a metric ton while aluminum is 1.3% higher at $2,308.50 a ton. Gold meanwhile is 0.6% higher at $1,934.40--putting this week's rise to 3.6%. "Investor sentiment feels better heading into the weekend," Peak Trading Research says in a note. As well as the moves from Wall Street, the European Central Bank dropping its commitment to keep raising interest rates at a steady pace was welcomed by the market, helping investors to move "risk-on," it adds.
(yusuf.khan@wsj.com) (END) Dow Jones Newswires March 17, 2023 04:27 ET (08:27 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[wicki99]

Volkswagen: Einstieg bei Minen für Batterie‑Rohstoffe geplant

#VOW(766400)

Volkswagen AG

90,50 €
13:40:56+2,70 €
+3,08 %Hoch: 90,60 €
Tief: 87,35 €

Symbol:

VOW

WKN:

766400

ISIN:

DE0007664005

NewsForen-BeiträgeTradegate

90,50 +3,1%

#VOW3(766403)

Volkswagen Vz.

86,86 €
13:40:53+2,20 €
+2,60 %Hoch: 87,02 €
Tief: 83,66 €

Symbol:

VOW3

WKN:

766403

ISIN:

DE0007664039

NewsForen-BeiträgeTradegate

86,86 +2,6%

Volkswagen baut seine Batterieproduktion für Elektroautos aus und will dabei auch in Rohstoffminen investieren, um die notwendigen Ressourcen zu sichern. "Der Flaschenhals bei den Rohstoffen sind die Abbaukapazitäten. Deshalb müssen wir auch direkt in Minen investieren", sagte Technikvorstand Thomas Schmall in einem Interview mit der Nachrichtenagentur Reuters. ...
https://www.deraktionaer.de/artikel...fuer-batterie-rohstoffe-geplant-20328550.html

 

[wicki99]

Oil Price Set for Biggest Fall in a Week Since December -- Market Talk

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

17 March 2023, 10:50

0849 GMT - Oil prices steady following sharp losses, but remain on course for their biggest drop in a week since December following the fallout from the collapse of Silicon Valley and Signature banks in the U.S. Brent crude oil adds 0.9% to $75.31 a barrel. Despite the modest gains, Brent is on course to end the week down more than 9%--its biggest weekly loss since December. Still, analysts see the oil market as increasingly tight and are largely advocating a wait-and-see approach, watching for a response from OPEC. "Given the scale of the [price] move, it is possible that OPEC+ decides to step in to stabilize the market, though until now, the group has been very quiet," says ING, in a note.
(william.horner@wsj.com) (END) Dow Jones Newswires March 17, 2023 04:50 ET (08:50 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[wicki99]

Heizen mit Holz

#Holz/Papier

Holz (Papier)

Symbol:

Holz/Papier

Foren-Beiträge

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

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Holzpellets: Abwärtstrend beim Pelletpreis hält im März an
Der Pelletpreis mit 372 €/t auf das Niveau von März 2022 und ist damit weiterhin deutlich günstiger als Heizöl oder Erdgas. Auf die Regelung zur Energiepreisbremse müssen Haushalte weiter warten.
Im März sinkt der Preis für Holzpellets erneut und liegt weiterhin deutlich unter dem von Öl und Gas. Das Deutsche Pelletinstitut (DEPI) gibt an, dass eine Tonne (t) Pellets im Bundesdurchschnitt 372,51 € kostet. Mit 13,1 % weniger als im Vormonat wird das Niveau vom März 2022 erreicht. Der Preis für eine Kilowattstunde Wärme aus Pellets beträgt entsprechend 7,45 ct. Der Preisvorteil zu Heizöl liegt bei knapp 25 % und zu Erdgas bei rund 40 %.
https://www.topagrar.com/energie/ne...m-pelletpreis-haelt-im-maerz-an-13337147.html

 

[wicki99]

Barrick Gold Pueblo Viejo Gold Mine Reserve Base Stands at 20M Oz

#ABR(870450)

Barrick Gold Corp.

16,79 €
13:41:02-0,44 €
-2,57 %Hoch: 17,31 €
Tief: 16,78 €

Symbol:

ABR

WKN:

870450

ISIN:

CA0679011084

NewsForen-BeiträgeTradegate

16,79 -2,6%

Barrick Gold Pueblo Viejo Gold Mine Life Extended Beyond 2040 with Average Annual Production Rate Above 800K Oz
Barrick Gold Luolo-Gounkoto Mine Produced 9M Oz Gold Since 2005
Barrick Gold Luolo-Gounkoto Mine to Maintain Current Gold Production Rate Until 2037
Barrick Gold to Complete Reko Diq, Lumwana Mine Revitalization Projects in 2028 to Boost Copper Production

 

[wicki99]

WTI Oil Set for Largest Weekly Decline in 3 Months -- Market Talk

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

17 March 2023, 14:24

0824 ET - WTI oil rises 0.4% to $68.64 a barrel, but is $8, or 10% lower for the week, which if maintained would be the largest one-week decline since early December. "Although the oil balances haven't shifted much amidst this week's price plunge, appetite for risky assets has been reduced amidst the bank worries that have increased concerns over a recession," says Ritterbusch & Associates in a note. "But significant risk to our scenario still exists in the form of an OPEC production cut or an announced SPR refill out of the White House." Next up for the market will be the Baker Hughes rig-count report, at 1 pm ET. Brent crude prices are steady at $74.75.
(dan.molinski@wsj.com) (END) Dow Jones Newswires March 17, 2023 08:24 ET (12:24 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[wicki99]

wow, der

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

-future im tages-chart sieht recht ordentlich aus ...

 

[wicki99]

Natural Gas Falls Toward a 3-Week Low -- Market Talk

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

17 March 2023, 14:39

0839 ET - Natural gas prices shed 4.2% to $2.408/mmBtu and are on course for a 9% weekly decline and the lowest closing prices since Feb. 23 as an ever-widening storage surplus keeps bearish sentiment alive. Weak demand and strong production rates have caused domestic natural gas inventories, which are mostly stored in underground facilities, to bulk up to levels that are now 24% higher than the five-year average, up from a 22% surplus a week ago, according to EIA data released yesterday. So far in 2023, natural gas front-month prices are down 46%, after rising by 20% last year.
(dan.molinski@wsj.com) (END) Dow Jones Newswires March 17, 2023 08:39 ET (12:39 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[wicki99]

so, zeit für einen !!! wünsche allen gute trades am heutigen tag!

 

[wicki99]

wow, der

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

-future im tages-chart sieht recht ordentlich aus ...

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

: der juni-23-future markiert bei 1984.70$ ein neues verlaufhoch (th auslaufender april-23-kontrakt: 1968.20$).

 

[wicki99]

WTI Oil Falls to 15-Month Intraday Low -- Market Talk

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

17 March 2023, 17:54

11:54 ET - Oil prices are turning sharply lower, with the US benchmark WTI recently down 4.4% at $65.40 a barrel, the lowest intraday level in 15 months and more than $11 lower from where it began the week. The sharp drop in today's session appears to be driven by a steep decline in US stock markets, which is causing risk aversion in energy commodities to flare back up again. Crude prices rebounded some yesterday as investors thought a bank rescue plan involving many of the US's top banks would solve things. But that optimism has soured as the weekend approaches. The global benchmark Brent falls 4.2% to $71.58.
(dan.molinski@wsj.com) (END) Dow Jones Newswires March 17, 2023 11:54 ET (15:54 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[Kostolanys Erbe]

Bei mir ist nun RK auf der watchlist gelandet.... aktuell charttechnisch die Tiefstände am testen von früher... (Dezember 2008)



Finde die Bewertung aufgrund der Ressourcen zu niedrig.

https://www.rockhavenresources.com/
Klaza Project

The Klaza project hosts high-grade epithermal resources with robust economics (Post-Tax NPV(5%) of $378 million and an IRR of 37%). Mineral Resources include Mineral Resource of 4,457,000 Tonnes containing 686,000 oz Gold, 14,071,000 oz Silver (grading 4.8 /gt Gold and 98 g/t Silver) Indicated or 907,000 oz Gold Equivalent (grading 6.3 g/t Gold Equivalent) and an Inferred Mineral Resource of 5,714,000 tonnes containing 507,000 oz Gold and 13,901,000 oz Silver (grading 2.8 g/t Gold and 76 g/t Silver) or 725,000 oz Gold Equivalent (grading 3.9 g/t Gold Equivalent). Rockhaven is focused on advancing the Klaza project through Pre-Feasibility and permitting.

Marketcap von RK aktuell ca. 17 Mio. CAN$

Präsentation:
https://www.rockhavenresources.com/assets/docs/ppt/March 2023 Rockhaven Corporate Presentation.pdf

 

[wicki99]

wow, der

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

-future im tages-chart sieht recht ordentlich aus ...

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

: der juni-23-future markiert bei 1984.70$ ein neues verlaufhoch (th auslaufender april-23-kontrakt: 1968.20$).

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

: da wurden die bullen ja noch richtig aktiv! der juni-23-future rannte bis 2009.70$ (!) und der nearest-future kam bis 1993.00$ voran. wow ...

 

[metahase]

 

[metahase]

... war ja sooo klar, kaum gebimmelt wird der Rückwärtsgang eingelegt

 

[wicki99]

Base Metals Rise, Gold Pulls Back as Markets Look to Fed Rate Decision -- Market Talk

#Gold

Gold

Symbol:

Gold

Foren-Beiträge

20 March 2023, 15:55

1355 GMT - Base metals are pushing higher, while gold's initial rally this morning has pulled back, with markets looking ahead to the Federal Reserve's decision on interest rates due Wednesday. Three-month copper is up 0.7% to $8,672.50 a metric ton, while gold is 0.4% higher at $1,981.60 a troy ounce, having hit $2,014 an ounce earlier in the session. "Weekend takeover talks around Credit Suisse have done little to assuage investors fears at the outset of this week," says Al Munro, broker at Marex. European equities initially came under pressure before recouping losses, he says in a note. The Federal Reserve rate decision would be "key for macro now" and in turn metal prices, he adds.
(yusuf.khan@wsj.com) (END) Dow Jones Newswires March 20, 2023 09:55 ET (13:55 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[wicki99]

servus mitstreiter! credit suisse vor der pleite gerettet und der

#DAX(846900)

DAX ®

Symbol:

DAX

WKN:

846900

ISIN:

DE0008469008

NewsForen-Beiträge

wird um 500 punkte nach norden gewuchtet seit dem tt. meine meinung dazu: . aber zum glück bin ich ja nur eine kleine funzel im großen universum ...
=> gute trades, what else!

 

[wicki99]

U.S. Grain Inspections Rise

#Mais

Mais

Symbol:

Mais

Foren-Beiträge

#Sojabohnen

Sojabohnen

Symbol:

Sojabohnen

Foren-Beiträge

#Weizen

Weizen

Symbol:

Weizen

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#China

China

Symbol:

China

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20 March 2023, 17:28, By Kirk Maltais

Export inspections for U.S. grains were higher across the board for the week, the U.S. Department of Agriculture said. In its latest grain export inspections report, the USDA said corn export inspections for the week ended March 16 totaled 1.19 million metric tons, up from 1.02 million tons last week. Soybean inspections totaled 716,618 tons for the week, up from 633,367 tons last week, and wheat totaled 374,224 tons, up from 256,901 tons last week. Corn inspections remain 36% behind last year's pace, while soybean inspections are 3% higher and wheat inspections are nearly 2% behind. China was the leading destination for soybeans and wheat, while Mexico was the leading destination for corn. Grain futures trading on the CBOT are mixed in trading, with most-active corn futures down 0.3%, soybeans virtually unchanged, and wheat down 1.1%.
Write to Kirk Maltais at kirk.maltais@wsj.com To see related data, search "USDA Grain Inspections for Export in Metric Tons" in Dow Jones NewsPlus. (END) Dow Jones Newswires March 20, 2023 11:28 ET (15:28 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[wicki99]

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

natural gas mit neuem tt und der wiederaufnahme des übergeordneten abwärtstrends.

 

[Kostolanys Erbe]

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

natural gas mit neuem tt und der wiederaufnahme des übergeordneten abwärtstrends.

Arbeiten hier vielleicht an einem double Bottom...

 

[Kostolanys Erbe]

Freehold Royalties promotes King to COO, Nagy to VP

​

2023-03-20 10:00 ET - News Release



Mr. David Spyker reports

FREEHOLD ROYALTIES ANNOUNCES EXECUTIVE TEAM UPDATE

Freehold Royalties Ltd. has made two internal promotions within the company's executive team.

Effective April 1, 2023, Rob King will be appointed as Chief Operating Officer and Susan Nagy will be appointed as Vice President, Business Development. Mr. King joined Freehold in 2020 as Vice President, Business Development where he was instrumental in the Company's expansion into the U.S. Mr. King oversaw the execution of over $550 million in value-enhancing transactions over the last two years, as Freehold expanded its North American footprint, as well as oversaw various optimization initiatives on Freehold's Canadian legacy acreage. As Chief Operating Officer, Mr. King will provide enhanced senior level leadership in respect of the execution of Freehold's North American strategy. Mr. King will oversee a multidisciplinary team focused on numerous value drivers, with the goal of maximizing the value of our current and future asset base.

Susan Nagy will be assuming the role of Vice President, Business Development, previously held by Mr. King. Ms. Nagy has been with Freehold since 2008, holding various positions of increasing seniority including most recently as Director, Business Development. During her tenure, Ms. Nagy has been involved in the negotiation of over $1.5 billion in royalty acquisitions, both in Canada and the U.S. Ms. Nagy holds a Bachelor of Commerce degree (with Distinction) from the University of Calgary and is an active member of the Canadian Association of Land and Energy Professionals and the American Association of Professional Landmen. Ms. Nagy will leverage her strong business acumen and leadership abilities to further maximize the success of Freehold.

President's Message

We have evolved our organization considerably over the past three years with focused leadership, strategic portfolio positioning, and results driven decision making. These key components of our business and leadership structure will continue and I am very pleased to announce the promotion of both Rob and Susan today as they will play a key role in translating our long term strategic vision into action.

The internal promotions display the bench strength we have built within our Company and is a testament to the culture of our organization, including the strong emphasis we have placed on professional development. With the rapid evolution of the Company, this leadership group strengthening will support our focused approach to managing our business, leading to continued value creation for all stakeholders.

https://www.stockwatch.com/News/Item/Z-C!FRU-3379727/C/FRU

 

[Kostolanys Erbe]

Ariz. Sonoran drills 990.7 ft of 0.42 per cent CuT at Cactus E.

​

2023-03-20 07:15 ET - News Release



Mr. George Ogilvie reports

ARIZONA SONORAN EXPLORATION DRILLING CONFIRMS MINERALIZATION 3,000 FT (915M) NE OF CACTUS EAST, AT THE NE EXTENSION

Arizona Sonoran Copper Company Inc.'s exploration drilling at the NE Extension target confirms 990.7 feet (302 metres) of 0.42 per cent total copper of continuous copper mineralization, collared 3,000 feet (914 m) northeast of the Cactus East (CE) deposit. Both the NE extension, as well as the Gap zone, were highlighted as priority targets following a propertywide ionic leach program and magnetic imaging program targeting exploration potential along the four-kilometre Cactus mine trend. During 2023, a total of $900,000 is budgeted for additional exploration in the Gap zone and the NE Extension. Additionally, two infill to measured drill holes from Cactus East were returned from the laboratory, confirming continuous grade and thickness within the current mine plan.

Highlights:

• ECE-076 (CE):
  • 491.0 feet (149.7 metres) at 1.51 per cent total copper (CuT), 1.34 per cent total soluble copper (Cu TSol), 0.023 per cent molybdenum;
  • Including 211.7 feet (64.5 m) at 1.75 per cent CuT, 1.65 per cent Cu TSol and 0.012 per cent Mo (oxide);
  • And 279.3 ft (85.1 m) at 1.38 per cent CuT, 1.11 per cent Cu TSol and 0.031 per cent Mo (enriched)
  • Including 79.3 ft (24.2 m) at 2.87 per cent CuT, 2.61 per cent Cu TSol and 0.028 per cent Mo.
• ECE-078 (CE):
  • 377 ft (114.9 m) at 1.25 per cent CuT, 1.15 per cent Cu TSol and 0.035 per cent Mo (enriched);
  • Including 20 ft (6.1 m) at 2.10 per cent CuT, 1.98 per cent Cu TSol and 0.035 per cent Mo.
• ECN-128:
  • Continuous mineralization of 990.7 ft (302.0 m) at 0.42 per cent CuT;
  • 118.1 ft (36.0 m) at 0.97 per cent CuT, 0.94 per cent Cu TSol and 0.004 per cent Mo (oxide);
  • 653.4 ft (199.2 m) at 0.40 per cent CuT and 0.008 per cent Mo (primary).

Note: True widths are not known.

George Ogilvie, Arizona Sonoran president and chief executive officer, commented: "Exploration by ASARCO in the '60s and '70s was superfocused on discovering and developing open-pit copper resources. As a result, ASARCO walked away from both the Cactus NE Extension and the Parks/Salyer project, both underground targets. Our team has had great success with Parks/Salyer last year, adding 2.9 billion pounds of contained copper in an inferred maiden resource and Cactus East drilling and we see tremendous blue-sky potential at both the Gap Zone and the NE Extension. We know the mineralization in these two zones has not been drilled to depth and both remain excellent exploration targets. To follow up, the team has allocated expenditures to ensure proper evaluation of the four-kilometre porphyry copper mine trend, while concurrently executing on the work plan to deliver our Cactus and Parks/Salyer PFS [prefeasibility study] due later this year."

.....

https://www.stockwatch.com/News/Item/Z-C!ASCU-3379596/C/ASCU

 

[wicki99]

Front Month ICE Brent Crude Rose 1.12% to Settle at $73.79 -- Data Talk

#Oel/Gas

Öl + Gas

Symbol:

Oel+Gas

Foren-Beiträge

20 March 2023, 21:03

Front Month ICE Brent Crude for May delivery gained 82 cents per barrel, or 1.12% to $73.79 today --Up two of the past three sessions --Today's settlement value is the third lowest this year --Off 40.29% from its 52-week high of $123.58 hit Wednesday, June 8, 2022 --Up 1.12% from its 52-week low of $72.97 hit Friday, March 17, 2023 --Down 36.18% from 52 weeks ago --Off 16.33% from its 2023 settlement high of $88.19 hit Monday, Jan. 23, 2023 --Up 1.12% from its 2023 settlement low of $72.97 hit Friday, March 17, 2023 --Off 49.49% from its record high of $146.08 hit Thursday, July 3, 2008 --Month-to-date it is down 12.04% --Year-to-date it is down $12.12 or 14.11%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data (END) Dow Jones Newswires March 20, 2023 15:03 ET (19:03 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

 

[greenhorn]

Die Meldung von First Majestic ist schon ne krasse Nummer......

First Majestic suspends mining activities at Jerritt

https://www.stockwatch.com/News/Item/Z-C!FR-3379887/C/FR

​

2023-03-20 16:25 ET - News Release




Mr. Keith Neumeyer reports

FIRST MAJESTIC TEMPORARILY SUSPENDS MINING ACTIVITIES AT JERRITT CANYON

First Majestic Silver Corp. is taking action to reduce overall costs by reducing investments, temporarily suspending all mining activities and reducing its work force at Jerritt Canyon, effective immediately.

Over the past 22 months since the acquisition of the Jerritt Canyon gold mine in Nevada, the company has been focused on increasing underground mining rates in order to sustainably feed the processing plant at a minimum of 3,000 tonnes per day (tpd) in order to generate free cash flow as the company's plans suggested. Despite these efforts, mining rates have remained below this threshold and cash costs per ounce have remained higher than anticipated, primarily due to continuing challenges such as contractor inefficiencies and high costs, inflationary cost pressures, lower-than-expected head grades, and multiple extreme weather events affecting northern Nevada, which have compounded conditions and caused material headwinds for the operation.

"The decision to temporarily suspend mining activities at Jerritt Canyon, which represented approximately 21 per cent of the company's 2022 revenue, was driven by our goal to produce profitable ounces across the company," stated Keith Neumeyer, president and chief executive officer. "Since the acquisition in 2021, we have invested heavily at Jerritt Canyon and have been successful in executing several key projects. We rehabilitated and reopened the West Generator and Saval II underground mines and have successfully upgraded and modified the roaster and refinery off-gas handling systems to insure we remain fully compliant with all state and federal air quality standards. The team at Jerritt Canyon has helped the company achieve significant milestones and we are thankful for their service. While mining activities have temporarily stopped, processing of the remaining surface stockpiles will occur for the next couple of months. The company will continue exploring both near-mine and prospective regional greenfield targets to grow Jerritt Canyon's resources, which we believe will significantly enhance the economics for the eventual restart of operations."