Monday, July 31, 2023

The Double Digit Growth of the #EDA Market (OTCPINK: $GTCH) (NASDAQ: $CDNS) (NYSE: $KEYS) (NASDAQ: $SNPS) @gbtt_inc @Cadence @Keysight @Synopsys

The Double Digit Growth of the #EDA Market (OTCPINK: $GTCH) (NASDAQ: $CDNS) (NYSE: $KEYS) (NASDAQ: $SNPS) @gbtt_inc @Cadence @Keysight @Synopsys

 

How Magic2 Plans to Revolutionize the Process

 


Vancouver, Kelowna, Delta, BC – July 31, 2023 - Investorideas.com (www.investorideas.com), a global investor news source covering tech stocks releases a special news report on the EDA market, featuring a tech innovator building a growing IP portfolio in the sector, GBT Technologies Inc. (OTC PINK:GTCH).

 

Read this article, featuring GTCH in full at https://www.investorideas.com/news/2023/technology/07311EDA-Market.asp

 

According to a recent article in Semiengineering.com “EDA tools and IP continued their double-digit growth trajectory this year, despite a downturn in consumer electronics and a continued shortage of key components that took a large bite out of the semiconductor market as a whole.”

 

“A just-released report from the ESD Alliance showed a 12% increase in revenue for Q1, increasing to $3.95 billion compared with $3.53 billion in the same period in 2022. The four-quarter moving average also showed 12.7% growth.”

 

GBT Technologies Inc. (OTC PINK:GTCHrecently provide an update covering its EDA segment intellectual properties (“IP”) portfolio.

 

From the News: Magic2, is an AI driven electronic design automation (EDA) software Suite helping engineers to speed up time consuming task work during the integrated circuits (IC) design phase. This week GBT received patent approval for its Epsilon tool which means that four out of the eight tools received patent approval. Magic2 consists of eight integrated software applications that each cover specific component processes of the IC design cycle. The tools complement each other and will help drastically reduce the development costs and speed up the IC design development cycle.

 

“It sounds technical because it is, but simply spoken, Magic2 is a Suite of individual EDA tools which we believe can potentially save 1000’s and 1000’s hours of engineering time, speeding up the microchip design process and at the same time building better, faster, greener, cheaper, and more reliable microchips. Epsilon has been a double milestone for GBT Technologies Inc. as we already developed a limited working software version V1.0 which has performed in an operational setting and started the whole Magic2 concept. With all the positive industry feedback, GBT will continue to focus on expanding the family of its various EDA patents and concentrating on strategic potential partnerships with the goal of integrating these technologies into a broad marketplace, diversifying the risk within all these areas, and increasing shareholder value of that portfolio,” said Mansour Khatib, CEO of GBT.

 

From the News: Epsilon - RV (Reliability Verification) Software for real-time analysis and Auto-Correct of integrated Circuits Reliability issues, among them are EM (Electromigration), SH (Self-Heat), IR Drop [1], and another RV phenomenon [2]. Notice of Allowance issued - Functioning Software Demo available.

 

Omega - Automatic Design Rule Correction Software of physical IC layout block. The program reads a process rule deck, a GDSII [3], Oasis data [4] and automatically fixes all DRC [6] violations, maintaining hierarchy and LVS, RV, DFM [7] compliance. Notice of Allowance issued.

 

Sigma - LVS [5] Automatic Correction of IC Layout Blocks. The program reads an LVS Deck and a GDSII, Oasis data and based on schematic fixes the physical layout. The program will re-wire nets, maintaining DRC, RV, and DFM correctness. - Patent issued.

 

Phi - Automatic IP layout blocks generator to create from scratch IC layout blocks (For example: A USB unit, or a MEMORY unit), based on hardware description language or a circuit’s schematic. The system reads the circuit’s schematic or HDL [8] and automatically generates the block in a given process (for example: 5nm). The generated block is LVS, DRC, RV and DFM compliant. - Notice of Allowance issued.

 

Tau - Patent and information pending. *

 

Delta - Patent and information pending. *

 

Kappa - Patent and information pending. *

 

Zeta - Patent and information pending. *

 

Reflecting the sector growth in its recent numbers. Cadence Design Systems, Inc. (Nasdaq: CDNS), a leader in electronic systems design, recently reported results for the second quarter of 2023.

 

From the news: Cadence reported second quarter 2023 revenue of $977 million, compared to revenue of $858 million for the same period in 2022. On a GAAP basis, Cadence achieved operating margin of 31 percent and recognized net income of $221 million, or $0.81 per share on a diluted basis, in the second quarter of 2023, compared to operating margin of 33 percent and net income of $187 million, or $0.68 per share on a diluted basis, for the same period in 2022.

 

From the news: Using the non-GAAP measures defined below, operating margin for the second quarter of 2023 was 42 percent and net income was $334 million, or $1.22 per share on a diluted basis, compared to operating margin of 42 percent and net income of $298 million, or $1.08 per share on a diluted basis, for the same period in 2022.

 

"Cadence delivered excellent results for the second quarter of 2023, with strong ongoing customer demand for our innovative technologies," said Anirudh Devgan, President and Chief Executive Officer. "With its unparalleled promise, Generative AI is beginning to make a significant impact globally. Our dedicated focus on AI over the past several years, combined with our computational software expertise and invaluable data that lies at the core of AI, uniquely positions us to deliver to the tremendous potential of this transformative technology."

 

"We achieved another quarter of strong financial results and are raising our revenue, operating margin and EPS guidance for 2023 yet again," said John Wall, senior vice president and chief financial officer. "Our revenue outlook for the second half represents a year-over-year growth of approximately 15%, allowing us to raise our 2023 revenue guidance to more than 14% growth over 2022."

 

Keysight Technologies, Inc. (NYSE:KEYS) recently announced the introduction of PathWave Design 2024, the latest release of its suite of electronic design automation (EDA) software tools, giving design engineers new software automation, design data and intellectual property (IP) management, team collaboration, and development lifecycle transformation capabilities.

 

From the news: Keysight’s new Python API for EDA workflows establishes an open ecosystem to connect and control best-in-class simulators, platforms, data exchange, and report generation to meet specific development project needs. The Python API enables Keysight’s EDA software tools to interoperate with third-party partner tools in custom-tailored automation workflows. For example, it supports more efficient design verification and provides greater confidence for attaining first-pass success. In addition, Keysight speeds the development of automated workflows themselves by offering professional consulting and customization services for PathWave Design 2024 customers.

 

In February, Keysight announced it had acquired Cliosoft and will be adding the company’s line of hardware design data and intellectual property (IP) management software tools to its portfolio of electronic design automation (EDA) solutions.

 

Synopsys (Nasdaq: SNPS), with a long history of being a global leader in electronic design automation (EDA) and semiconductor IP, recently reported news that its technology is unleashing a new wave of advanced designs with the industry's broadest portfolio of interface IP for the TSMC N3E process. Silicon success of Synopsys IP across multiple product lines, including the most widely used protocols, delivers leading power, performance, area (PPA) and latency. Synopsys' IP for the TSMC N3E node offers a fast path to TSMC N3P integration and enables chip designers to accelerate development of their AI, high-performance computing (HPC) and mobile designs.

 

From the news: "Synopsys provides a broad portfolio of high-quality IP that helps designers achieve their design goals and quickly integrate the necessary IP into their designs with less risk," said John Koeter, Senior Vice President of marketing and strategy for IP at Synopsys. "Synopsys IP for TSMC's 3nm process has been adopted by dozens of leading companies to accelerate their development time, quickly achieve silicon success and speed their time to market."

 

"Our longstanding collaboration with Synopsys enables our mutual customers to benefit from a broad portfolio of IP that has been proven on TSMC's advanced process technologies," said Dan Kochpatcharin, Head of the Design Infrastructure Management Division at TSMC. "The silicon success of Synopsys IP on TSMC's N3E process underscores our collective efforts to help designers address the stringent PPA and latency requirements of their SoC designs and accelerate silicon innovation for the next-generation AI, HPC and mobile applications."

 

According to ResearchandMarkets, “The global market for EDA Tools estimated at US$13.1 Billion in the year 2022, is projected to reach a revised size of US$30.1 Billion by 2030, growing at a CAGR of 11% over the analysis period 2022-2030.”

 

“Semiconductor Intellectual Property (SIP), one of the segments analyzed in the report, is projected to record a 11.6% CAGR and reach US$12 Billion by the end of the analysis period.”

 

So the race is on for creating IP in the EDA market and with a little “magic” it will keep growing.

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: GTCH is a paid featured monthly AI stock on Investorideas.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Friday, July 28, 2023

#PlaybyPlay #Podcast: Skechers (NYSE: $SKX) Posts Q2 Financial Results, Academy Sports and Outdoors (NasdaqGS: $ASO) Open New Location in Virginia

 



 

 

#PlaybyPlay #Podcast: Skechers (NYSE: $SKX) Posts Q2 Financial Results, Academy Sports and Outdoors (NasdaqGS: $ASO) Open New Location in Virginia

 

England Wins 1-0 in Women’s World Cup but Loses Midfielder Keira Walsh to Knee Injury, and Dolphin’s Jalen Ramsey Set for Surgery Today

 

Vancouver, Kelowna, Delta, BC, July 28, 2023 Investorideas.com, a global investor news source issues today’s edition of Play by Play covering what’s new in sports and esports headlines plus recent news from publicly traded companies.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2023/072823-Sports.mp3

 

Read this in full at https://www.investorideas.com/news/2023/play-by-play/07281SKX-ASO.asp

 

Listen to the podcast on Spotify

 

Skechers U.S.A., Inc. (NYSE:SKX) has posted its financial results for the second quarter ended June 30, 2023. Highlights include record quarterly sales of $2.01 billion (up 7.7 percent year-over-year), Direct-to-Consumer sales growth of 29.1 percent, and the acquisition of a Scandinavian distributor. Robert Greenberg, the company’s CEO, said:

 

“The power of our marketing and the relevancy of our footwear resonates throughout our 4,700 Skechers stores around the world and at retailers, where consumers can slip into our footwear and leave with the understanding that they just purchased unbelievable comfort technology. This is what motivates the Skechers team — the enthusiasm from our partners around the world, and most importantly, the satisfaction from new shoppers and returning loyal fans of our brand. With this incredible momentum, I am confident in our vision for an even more successful future."

 

Academy Sports and Outdoors, Inc. (NasdaqGS:ASO) has announced the opening of its second location in the US state of Virginia with a 77,000 square foot store in Fredericksburg. According to the press release, the company “plans to continue its expansion efforts with the goal of opening 13 – 15 stores this year, and a total of 120 to 140 new stores by the end of 2027.” Sam Johnson, Academy's Executive Vice President of Retail Operations, commented:

 

"We are excited to be a new destination for the Fredericksburg community to find everything they need to pursue their sports and outdoors passions with top national brands like Nike, adidas, Yeti, Columbia, Carhartt, and many more, all at a great value.”

 

England Wins 1-0 in Women’s World Cup but Loses Midfielder Keira Walsh to Knee Injury, and Dolphin’s Jalen Ramsey Set for Surgery Today

 

ESPN reports that England scored a 1-0 win over Denmark in the Women’s World Cup, but that midfielder Keira Walsh was taken off the pitch on a stretcher with a possible knee injury in the first half. Walsh is considered one of the team’s best players and her absence may impact England’s chances of winning the World Cup. Elsewhere in the tournament, China defeated Haiti, also 1-0, and Argentina tied 2-2 with South Africa.

 

On the subject of injuries, the Miami Dolphins’ Jalen Ramsey is set for surgery today, according to the Associated Press. A six-time Pro Bowl cornerback, Ramsey “suffered a torn meniscus in his left knee at the end of Thursday’s practice and is expected to miss the start of the regular season.” Dolphins coach Mike McDaniel commented:

 

“It really moved a lot of people. He first let everybody know how much he appreciated this team, how this team has accepted him, how he has been in the league a little bit and how he knows what we’re doing here, in his opinion, is special, for his position group not to waiver, and exuded all the confidence that he had in that position group.”

 

Sam Mowers, Investorideas.com

 

Read other editions of Play by Play and sign up for news alerts here

 

 

About Investorideas.com - Big Investing Ideas

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Sports Stocks - esports, sports media, sports teams, sports betting, fantasy sports, sports equipment and more...

Like Sports Stocks? View our Sports Stocks Directory    Get News Alerts on Sports Stocks

 

 

 

 

 

 

 

 

 

 

 

New #InvestingIdeas in #Technology (OTCQX: $SILXY) (CSE: $ARWY.C) (OTCQB: $INXDF) (OTCQX: $BTQQF) (TSX: $GIVX.TO)

New #InvestingIdeas in #Technology (OTCQX: $SILXY) (CSE: $ARWY.C) (OTCQB: $INXDF) (OTCQX: $BTQQF) (TSX: $GIVX.TO)

 



 

 

Vancouver, Kelowna, Delta, BC - July 28, 2023 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Technology. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2023/main/07281Stocks.asp

 

The newest tech companies are involved in laser tech, augmented reality/artificial intelligence (AR/AI), crypto/blockchain, cyber/network security and cloud/fintech, respectively.

 

New Stocks Added to the Technology Directories:

Silex Systems Ltd. (OTCQX: SILXYASX: SLX) is a technology commercialisation company whose primary asset is the SILEX laser enrichment technology, originally developed at the Company’s technology facility in Sydney, Australia. The SILEX technology has been under development for uranium enrichment jointly with US-based exclusive licensee Global Laser Enrichment LLC (GLE) for a number of years. Success of the SILEX uranium enrichment technology development program and the proposed Paducah commercial project remain subject to a number of factors including the satisfactory completion of the engineering scale-up program and nuclear fuel market conditions and therefore remains subject to associated risks. Silex is also at various stages of development of additional commercial applications of the SILEX technology, including the production of ‘Zero-Spin Silicon’ for the emerging technology of silicon-based quantum computing. The ‘Zero-Spin Silicon’ project remains dependent on the outcomes of the project and the viability of silicon quantum computing and is therefore subject to various risks. The commercial future of the SILEX technology in application to uranium, silicon, medical and other isotopes is therefore uncertain and any plans for commercial deployment are speculative. Additionally, Silex has an interest in a unique semiconductor technology known as ‘cREO®’ through its 100% ownership of subsidiary Translucent Inc. The cREO® technology developed by Translucent has been acquired by IQE Plc based in the UK. IQE has paused the development of the cREO® technology until a commercial opportunity arises. The future of IQE’s development program for cREO® is very uncertain and remains subject to various technology and market risks.

 

ARway.ai (CSE:ARWY) (OTC:ARWYF) is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification. ARway works seamlessly as a cross platform solution on iOS/ Android. ARway's technology is optimized for both mobile devices and AR glasses: Apple's Vision Pro, Magic Leap and Microsoft's HoloLens. ARway has unlimited use cases for augmenting physical spaces, making it a valuable tool for creators, brands and companies in various industries. The complete ARway platform includes: the Web Creator Studio, the ARwayKit Software Development Kit (SDK) and a mobile app for iOS and Android.

 

The INX Digital Company, Inc. (OTCQB: INXDFNEO: INXD) provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach.

 

BTQ Technologies Corp. (OTCQX: BTQQFNEO: BTQ) was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.

 

Givex Corp. (OTCQX: GIVXFTSX: GIVX) The world is changing. Givex is ready. Since 1999, Givex has provided technology solutions that unleash the full potential of engagement, creating and cultivating powerful connections that unite brands and customers. With a global footprint of 122,000+ active locations across more than 100 countries, Givex unleashes strategic insights, empowering brands through reliable technology and exceptional support. Givex's integrated end-to-end management solution provides Gift Cards, GivexPOS, Loyalty Programs and more, creating growth opportunities for businesses of all sizes and industries

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

Public companies within the sectors we cover use our news and content services to tell their story to interested investors. Paid for content is disclosed.  

 

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#PreciousMetal #Stocks (OTC: AABB) (NYSE: AG) (NYSE: GATO) (NYSEAmerican: ASM) Going for the #Gold and #Silver in #Mexico @AsiaBroadband @FMSilverCorp @Avino_ASM @GatosSilver

#PreciousMetal #Stocks (OTC: AABB) (NYSE: AG) (NYSE: GATO) (NYSEAmerican: ASM) Going for the #Gold and #Silver in #Mexico  @AsiaBroadband @FMSilverCorp @Avino_ASM @GatosSilver

 

Vancouver, Kelowna, Delta, BC – July 28, 2023  - Investorideas.com, a leading investor news resource covering precious metal and mining stocks releases a special news report featuring Asia Broadband Inc. (OTC: AABB) on precious metals stocks operating in Mexico.

 

Read this article, featuring AABB in full at https://www.investorideas.com/news/2023/mining/07281Precious-Metal-Stocks-Mexico.asp

 

The global precious and base metals market is estimated to reach over USD 2300.88 billion by 2031, exhibiting a CAGR of 12.21% during the forecast period.

 

Mexico is the largest producer of silver in the world and a top global producer of gold, copper and zinc, amongst other minerals.

 

Asia Broadband Inc. (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets, just announced  the beginning of the installation of a mineral testing lab on-site for gold & silver ore stockpile processing in Mexico. Their new facility will reduce costs and supply rapid mineral results reports.

 

From the news: The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. However, the Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.

 

“With our own mineral testing lab on the facility site, we will have the ability to choose the highest mineral concentration ore for processing to achieve the greatest value throughput and maximum revenues. Essentially, the lab will let us cherry-pick the highest grade ore in the stockpile to process first. This is a major advantage to us in many ways and we are ecstatic about it,” stated Chris Torres, AABB President and CEO.

 

Last month the company also announced preliminary mineral resource estimates of gold and silver values contained in the initial technical report exceed $10 million at the current spot precious metal prices, prior to the Company’s ongoing work programs.

 

The company announced in May that it has been diligently exploring new gold property acquisitions with high-grade production potential in several regions of Mexico. The AABB mining group has conducted numerous site visits to the top rated acquisition target properties and is currently in the due diligence process of assessments and evaluations in preparation for final purchase negotiations. The acquisition team is exclusively focused on properties with the highest potential for rapid expansion, high-grade production and low-cost operations that will maximize gross profit contributions. The Company’s overall strategic capital expansion initiative is to increase gold production and physical gold holdings to accelerate the growth of the digital assets division.

 

According to the company, when differentiating from other miners in Mexico,”The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders.”

 

 

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV), a mining company with lead assets in Mexico, just announced that total production in the second quarter of 2023 reached 6.3 million silver equivalent ("AgEq") ounces, consisting of 2.6 million silver ounces and 45,022 gold ounces. Approximately 94% of total production, or 6.0 million AgEq ounces, was produced from the Company's three Mexican operations, the San Dimas, Santa Elena and La Encantada mines. The Company's fourth operation, the Jerritt Canyon mine in Nevada, USA, processed most of its remaining ore stockpiles and work in process ("WIP") inventory throughout April and May and produced 4,364 ounces of gold during its partial quarter.

 

From the news: In the first half of 2023, the Company produced 5.2 million silver ounces and 105,616 gold ounces, or approximately 14.0 million AgEq ounces. In the second half of 2023, the Company is expecting to produce between 5.3 to 5.9 million silver ounces and 86,000 to 95,000 gold ounces, or approximately 12.4 to 13.8 million AgEq ounces, at an all-in sustaining cost ("AISC") range of $17.69 to $18.92 per AqEq ounce.

 

From the news: As of April 24, 2023, all activities at the Jerritt Canyon processing plant were discontinued following the Company's previously announced temporary suspension of mining operations on March 20, 2023.

 

In other mining in Mexico news, Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) reported on July 20th it had achieved production results of 587,317 silver equivalent ounces, bringing the 12-month trailing total to 2.8 million silver equivalent ounces from the Avino Mine.

 

From the news: "The Avino Mine continued to provide stable production results in the second quarter of 2023, albeit impacted by mining in lower grade areas and certain mill equipment delivery delays, which are now behind us," said David Wolfin, President and CEO of Avino. "These challenges provided us with the opportunity to implement upgrades to the haulage ramp that has since allowed us to exceed original underground maximum haulage rates. With these upgrades, we expect production to catch up to our internal guidance in the second half of the year. On the exploration side, we are thrilled with the outstanding drill results from below Level 17 released earlier this month which further demonstrates that the Avino Mine continues to get better as we explore at depth. Finally, we remain focused on the execution of our 5-year growth plan."

 

Avino currently controls mineral resources, as per NI 43-101, that total 368 million silver equivalent ounces, within our district-scale land package. 

 

Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO), a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico, on July 18th provided a Q2 2023 update on the drilling and exploration programs in the Los Gatos district (“LGD”) in Mexico, including details of additional intercepts of high grade mineralization in the South-East Deeps (“SE Deeps”) zone of its 70%-owned Cerro Los Gatos (“CLG”) mine that could provide new mineral resources and reserves to extend the mine life.

 

“Our continued drilling success shows why we are so excited about the future for this district,” said Dale Andres, CEO of Gatos Silver. “Our next mineral resource and reserve update is nearing completion and will be a first step in extending the mine life and showing the potential scale of SE Deeps. With six surface drill rigs primarily focused on defining the SE Deeps, we are continuing to intercept strong widths and grades of silver, zinc, lead, gold and copper as we infill that zone. In addition, the foundational work we are doing this year with our greenfields program is deepening our understanding of the district and enabling us to sharpen our focus on priority areas where we might find the next CLG.”

 

“Mexico, being the top global producer of silver, has attracted both majors and juniors the world over in hopes of new discoveries” says  Resource World, in spite of some of the new mining regulations and hurdles miners may face there. 

 

So for investors looking for the gold, there is always a ‘silver lining’ in Mexico if they look for it.

 

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