Each one in plain English, with the numbers worked through for a shareholder.
28 May 2021resource reserve update▼ BadMajor
After a regulatory review, Solitario amended its Florida Canyon technical report to add required disclosures and retracted an unsupported internal mine-life study it had shown investors at a conference - while noting it had also picked up an early-stage gold property, Gold Coin, in Arizona.
Joint venture partner Nexa Resources produced a new Florida Canyon resource estimate using the 2018-2019 drilling, lifting total inferred zinc-equivalent metal 64% over 2017. The inferred sulfide portion rose 105%.
Solitario furnished an 8-K attaching the NI 43-101 preliminary economic assessment for its Florida Canyon zinc project in Peru, dated August 3, 2017 and prepared by SRK Consulting. The filing text itself gave no economic results.
Solitario furnished an NI 43-101 feasibility study for the Mt. Hamilton gold and silver project (Centennial and Seligman deposits) in Nevada, prepared by SRK and dated October 16, 2014. A press release accompanied the report.
Solitario furnished an NI 43-101 technical report, prepared by SRK Consulting and dated June 18, 2014, giving mineral resources for the Bongará zinc project in Amazonas, Peru. A press release accompanied the report.
Solitario released a feasibility study for Mt. Hamilton's Centennial gold-silver deposit showing robust economics, with life-of-mine cash costs of $535 per gold-equivalent ounce.
Solitario signed a deal letting Newmont earn up to a 65% interest in its La Tola gold property in Peru by funding $7 million of exploration, while Solitario keeps a royalty on any future production.