AURYN Mining Corporation Shareholder Update
AURYN Mining Corporation (OTC: AUMC) is committed to keeping our shareholders informed with the most current updates on our progress and strategic initiatives. As we enter the second quarter of 2025, we share the following updates and forward-looking approach to our mining and exploration activities.
ACCOMPLISHMENTS
Operations and Plan Development
During this quarter, we significantly advanced activities at our Fortuna site:
- Antonino Tunnel Operations: We retained a specialized contractor who is managing Antonino Tunnel operations as part of the La Fortuna Sub-Level Stoping Project. Current efforts include enhancing tunnel access, improving grade, and ensuring continuous, efficient operations with minimal disruptions.
- We are advancing two additional exploitation projects targeting the Merlin IV vein, both in its northern and southern extensions. Each project targets an extraction rate of 1,000 tons of ore monthly, bringing our total authorized production capacity to 3,000 tons per month by the third quarter of 2025.
- Site preparation, including clearing and leveling for our Mineral Flotation Plant and supporting infrastructure, is progressing smoothly.
- Construction of the Flotation Plant and associated facilities begins this month, April 2025. We anticipate initial plant operations in early Q3 2025, allowing us to conduct thorough testing and optimization of the mill using ore extracted from our ongoing operations. This period of operational testing and fine-tuning will generate measurable economic value and ensure the plant is fully optimized ahead of obtaining complete operational permitting, expected later in the third quarter of 2025.
- Major repair and maintenance activities on the mining district access road have commenced, providing reliable safe access essential for our project’s successful execution.
Leadership Updates
In March 2025, Robert Mayne-Nicholls joined Auryn Mining Chile as General Manager. Mr. Mayne-Nicholls brings extensive experience from senior roles at leading miningcompanies, including Empresa Nacional de Minería (ENAMI), Antofagasta PLC, Barrick Gold Corporation, SQM, Compañía Minera Doña Inés de Collahuasi SCM, and CODELCO.
Robert Mayne-Nicholls stated, “I am extremely excited to join AURYN Mining at this pivotal time. The potential of the Fortuna and Lipangue projects is impressive, and I look forward to contributing to their successful advancement.”
Maurizio Cordova, Chairman & CEO, commented, “Robert’s appointment marks a significant milestone for Auryn. His leadership and extensive industry experience will be crucial as we expand our operations and move toward our production objectives.”
Additionally, Tomás Valega has assumed the role of Project Manager, further strengthening our strategic execution and comprehensive project planning.
STAY CONNECTED
For further details and to stay up-to-date with AURYN Mining Corporation’s activities, please visit our website and subscribe to email notifications. We appreciate your continued support and confidence in AURYN Mining Corporation.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.