Luca Mining (Luca.V), vorher: Altaley Mining / ATLY (CVE), alter Name: Telson Mining / TSN (CVE)

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    Altaley Mining Reports Second Quarter Financials
    Q2 - 2021 Financial and Operational Highlights

    • Mine operating profit of $9.1 million and total income of $7.6 million during the quarter and mine operating profit of $14.2 million and total income of $11.4 million year to date


    • Gross revenues of $24.5 million during the quarter generated from 11,854 tonnes of zinc concentrate sold with an average of 46% zinc and 639 g/t silver. The Company also sold 2,668 tonnes of lead concentrate with an average of 22% lead, 723 g/t silver and 5.7 g/t gold. During the quarter the Company produced 11,812 tonnes of zinc concentrate grading an average of 46% zinc, 2.13 g/t gold, 656 g/t silver. The Company also produced 2,648 of lead concentrate grading an average of 22% lead, 6.27 g/t gold, 751 g/t silver


    • Total C1 cash cost per pound of zinc US$0.48 and all-in sustaining costs* ("AISC") of US$0.77 during the quarter


    • Cash flow from operations before changes in non-cash working capital of $6.5 million and $11.6 year to date


    • The Company processed 164,047 tonnes of mineralized material, averaging 1,803 tonnes per day, grading 4.5% zinc, 0.34% copper, 129 g/t silver and 1.16 g/t gold


    • Mineralized material mined during the period was 182,455 tonnes grading 4.20% zinc, 1.09% lead, 125 g/t silver and 1.12 g/t gold

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    Altaley Mining Announces Underground Mining Contractor Mobilizes Equipment to Tahuehueto


    https://ceo.ca/@newsfile/altal…rground-mining-contractor

    First production through the mill, which is at an advanced stage of construction, is anticipated near the end of 2021 when the first ball mill is to be commissioned and in Q1 2022 the second ball mill will be installed and brought online to thereafter, ramp up production to the mine's anticipated 1,000 tonne per day capacity.
    Altaley is pleased to report that construction at the Tahuehueto mine site is on timeline and budget, and management is not expecting any cost overruns at this point in time.
    Ralph Shearing, CEO and President, states, "Engaging MGA as Tahuehueto's underground mining contractor is another milestone and brings our company closer to start production at Tahuehueto. MGA is a highly qualified professional underground mining contractor which insures that mill feed tonnages will be available to sustain continuous milling operations on an ongoing basis. Altaley is pleased to have secured MGA as Tahuehueto's underground mining contractor and is counting down the weeks remaining to reach production near the end of this year."


    Altaley Executes US$5 Million Bridge Loan Financing Agreement

    https://www.newsfilecorp.com/release/108630
    Altaley Mining Corporation (TSXV: ATLY) (OTCQX: ATLYF) (FSE: TSGA) ("Altaley" or the "Company") is pleased to announce that it has executed a Loan Agreement (the "Loan Agreement") with Sail Natural Resources LP (the "Lender") whereby Lender will provide a US$5million loan facility to Altaley, proceeds to be used to fund the final costs of construction and working capital at the Company's Tahuehueto Gold Mine Project.This bridge loan replaces the funding recently lost to Altaley upon the cessation of operation of the Accendo Banco and is more than enough capital to complete and ramp up operation at Tahuehueto where construction has advanced to at least 95% completion and where initial production is anticipated to commence at the end of January, only slightly behind managements targeted expectations.

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    Altaley Year-End 2021 Shareholder Update

    https://ceo.ca/@newsfile/altal…d-2021-shareholder-update
    TAHUEHUETO OPERATIONS
    Construction at the Tahuehueto Gold Mine has progressed very well since resumption of construction in mid-2021. Management predicted that construction would be nearing completion close to end of 2021. A year-end report from site indicates that the project is on budget and on time with operational testing being scheduled during late January 2022 and commencing ore milling and metal recovery during February 2022.
    Initial production is to commence using one ball mill with a rated capacity of approximately 500 tonnes per day, half of the mines' planned capacity. A second ball mill will be installed during Q2 2021 and when operational, ore throughput at the mine will increase to approximately 1,000 tonnes per day.

    Altaley Mining Reports C$19.9 Million Net Revenue on a Preliminary Basis for Q4 2021 at Campo Morado

    https://www.newsfilecorp.com/release/111465
    "I am pleased to report Q4 2021 preliminary production, C1 Cash Costs and AISC from Altaley's Campo Morado Mine," states Ralph Shearing, CEO & President. "Campo Morado operations are reporting another excellent quarter with estimated net revenue for Q4 2021 of $19.9 million. Although head grades of mineralization during Q4 2021 were marginally lower, our zinc concentrate production increased by 14% and zinc recoveries were up by 8% resulting in Q4 net revenues increasing by 15% when compared to Q3 2021. Costs this quarter have increased largely because of concentrate treatment and refining charges that have more than doubled when compared to Q3 however, approximate yearly average costs for year ending 2021 are estimated at C1 Cash Costs US$0.64/lb Zn and AISC at US$0.87/lb Zn, net of by-product metals."

    An emerging Multi-Mine Gold-Silver Producer in Mexico Taylor Combaluzier | Mining Analyst research@redcloudsecurities.com Initiating Coverage January 27, 2022
    We are initiating coverage on Altaley Mining Corp. with a BUY rating and a target price of C$1.00/sh, representing 208% upside from the current share price. Altaley Mining is a diversified, Mexico focused producer and developer. The company is currently producing Zn and Pb concentrates with Au, Ag and Cu as by-products at its Campo Morado mine in Guerrero, Mexico and is set to commence initial production at its Tahuehueto Au-polymetallic project in Durango, Mexico this quarter.
    https://cdn-ceo-ca.s3.amazonaw…20127-ATLY-Initiation.pdf
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    Artikel im Business Enquirer Magazine
    https://assets.website-files.c…le%20ALTALEY%20MINING.pdf
    "Summarising the latest developments, Ralph Shearing says that the Tahuehueto Mine construction is very close to completion. It is anticipated that the mine will enter a pre-production phase at half-capacity sometime in mid March 2022, and ramp up operations over the next few months with the installation of a second ball mill. Management hopes to be able to declare commercial production during the last half of 2022 as soon as the mine reaches a continuous state of production at 80% of management’s expectations."

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    Altaley Mining Announces Positive Pre-Feasibility Study & Updated Mineral Reserves/Resources Estimates as Its Flagship Tahuehueto Mine Nears Production

    https://www.newsfilecorp.com/release/115703


    • 2022 Prefeasibility Study improves 2017 PFS increasing throughput to 1,000 tonnes per day returning a post-tax NPV of US$110 million at 5% discount rate.


    • Total Capital Cost estimate of US $56.9 million with only $6 million capital remaining to be invested to initiate production at 1,000 tpd. Project construction over 95% complete with initial pre-production targeted during March 2022.



    • Life of Mine All In Sustaining costs (AISC) estimated at US $844 per gold equivalent ounce at $1,647.52/ounce Au, $21.64/ounce Ag, $0.92/pound Pb, $1.14/pound Zn and $3.60/pound Cu).



    • Proven & Probable Reserves of 3.58 million tonnes grading 2.55g/t gold, 50.06 g/t silver, 1.92% zinc, 1.11% lead, 0.26% copper.



    • 10.9-year Life of Mine (LOM) utilizing mostly low-cost bulk underground Sub-level Open Stoping mining method.



    • Significant opportunities exist to expand the Projects Mineral Resources and Reserves base with near mine and regional exploration. Altaley plans to aggressively pursue exploration as soon as free cash flows allow or alternative funding is secured.

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    Altaley Mining Announces First Tranche Closing of $4.24 Million and Updates Tahuehueto Construction
    https://ceo.ca/@thenewswire/al…st-tranche-closing-of-424


    Tahuehueto Construction Update


    At Tahuehueto, construction has advanced such that the first ball mill has now successfully completed its initial dry testing phase and has been deemed ready to process ore (Ball Mill Dry Test Video). The flotation circuit has been successfully wet tested, and various mill components such as thickening tanks, concentrate filters, tailings thickeners are ready and available to start production.
    Final work is in process and expected to be completed within the next week on the waterline to supply water to the mill after which, the mill is expected to start pre-production ore processing operations using the first ball mill with up to 500 tpd capacity. The second ball mill will be installed inthe coming months to allow the mine to ramp up to its build capacity of 1,000 tpd during Q3, 2022.
    Underground development is well advanced with numerous working faces available to easily provide ongoing ore feed to the mill at 1,000 tpd. To date, previous pre-production mining plus current underground development mining has stockpiled approximately 24,000 tonnes of ore which is ready to feed the mill.

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    Ralph Shearing, CEO, President of Altaley commented “The start of pre-production mining at Tahuehueto will be one of Altaley’s most important milestones and is the culminatio nof many years of hard work advancing this project through its exploration and development phases and as we go into the final stretch of construction to install the second ball mill allowing Altaley and its shareholders to participate in and realize the benefits of asubstantial increase in the Company’s revenue from a robust new goldmine.”

    Altaley Mining Files Tahuehueto PFS Technical Report with Significantly Improved Project Economics
    https://www.altaleymining.com/…mproved-project-economics
    The Company made a preliminary disclosure of the PFS economics in a new release dated March 7, 2022, which results contained errors related to net smelter return calculations that under-estimated the PFS economics. With the filing of the PFS report, Altaley now updates the March 7, 2022 disclosure with a significant increase of approximately 30% to the overall economics of the project.

    • 2022 Prefeasibility Study improves 2017 PFS increasing throughput to 1,000 tonnes per day returning a post-tax NPV of $161.3 million, at a discount rate of 5%, ($141.8 Million and $131. 8 million at discount rate of 8% and 10% respectively).


    • IRR of 65% with a 2-year payback period. (5% discount rate)


    • Total Life of Mine Capital Cost estimate of US $56.9 million with project construction over 95% complete and initial pre-production targeted during April 2022.


    • Life of Mine All in Sustaining costs (AISC) estimated at US $844 per gold equivalent ounce at $1,647.52/ounce Au, $21.64/ounce Ag, $0.92/pound Pb, $1.14/pound Zn and $3.60/pound Cu)
    • Proven & Probable Reserves of 3.58 million tonnes grading 2.55g/t gold, 50.06 g/t silver, 1.92% zinc, 1.11% lead, 0.26% copper.
    • 9-year Life of Mine (LOM) utilizing mostly low-cost bulk underground Sub-level Open Stoping mining method with average annual production of 25,987 oz of gold, 453,952 oz of silver, 827 tonnes of copper, 3,155 tonnes of lead and 6,123 k-lbs of zinc.
    • Significant opportunities exist to expand the Projects Mineral Resources and Reserves base with near mine and regional exploration. Altaley plans to aggressively pursue exploration as soon as free cash flows allow or alternative funding is secured.

    As our Tahuehueto Gold Mine Project construction nears completion we are happy to disclose final results of the project’s updated pre-feasibility study which continues to show robust economics.” said Ralph Shearing, CEO & President. “The disclosure and filing on SEDAR of the updated PFS and reserve and resource estimation, along with our anticipated May startup of pre-production operations at Tahuehueto, are the culmination of many years of hard work by the Altaley team and as our Tahuehueto mine ramps up to full production during Q2-Q3 2022, increased cash flow will allow Altaley to recommence exploration drilling and unlock the ultimate potential of our Tahuehueto district scale project.”

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