I want to thank you, the Shareholders, for your trust, loyal support, and faith you have placed in us over the years. The year 2022 tested the strength and capabilities of our company in so many ways. During the past year ESGold advanced the Montauban Mine project by completing mill construction plans, delivery of purchased mining equipment and infrastructural work on the building. Despite the numerous daily challenges, the solid results we achieved accentuate the power of our operating culture. I am pleased to say that in all my years working in the mining sector have I ever been so confident and excited about where we as a Company stand and the huge rewards that lie ahead for you the shareholder in 2023.
Gold has been powering higher now for the past couple of months. After a two-year consolidation period gold and silver seem poised to rise and this upside momentum is improving sentiment, with gold traders growing more bullish on gold and silver’s potential. The up leg with the precious metals market bolds well for ESGold as we prepare for 2023 year.
ESGold shareholders have lots to be excited about as we enter the new year 2023. Early in the new year, ESGold anticipates the completion of a robust preliminary economic assessment (PEA) of the Montauban Mining Project. This report will include an economic analysis of the potential viability of the mineral resources on the Montauban project and position the company to potentially finance the remainder of the production milling buildout by way of a debt structured financing mechanism.
We all know that many industries, in particular mining, is cyclical and often as investors we enter the industry at the wrong time. Stomaching the ups and downs, and uncertainty of the markets is easier said than done. But for those who persevere and have the courage to stay on course, the rewards are undeniable. At ESGold, the Company’s whole team is focused on delivering shareholder value to all shareholders of the Company. It is a great honour for me to serve the Company, the Company’s team and each of the shareholders of the Company.
I want to further thank and congratulate all our directors, advisors, management team, field personnel and contractors who have worked diligently to get us to this exciting period in the Company’s evolution.
With that I wish you all the very best for the remainder of this year and the very best for all of you and your loved ones in 2023.
Jean Yves Therien
Chief Executive Officer