Friday, April 20, 2012

SilverCrest rumors surging production at Mexico excavation

TSX-V-listed SilverCrest Mines has doubled its first-quarter grey construction to 134 528 oz, although gold production surged 198% year-on-year at 9 405 oz .

The Vancouver-headquartered miner said it realized this by aggressive concluded 26% extra ore done the grinder than strategic at 264 977 t for the quarter. This meant the grinder was successively at a frequency of 2 900 t/d, as an alternative of the pit strategy work for 2 500 t/d through the quarter.Stone Crusher

The hoary and gold productivity matched the previous barrio in which SilverCrest shaped 131 045 oz of silver and 9 536 oz of gilded.

"This is the second area that we need run at full, planned creation rates," premier Scott Drever said in a statement, calculation that the "stellar" routine put it on track to attain construction control for the day of 435 000 oz of grey and 33 000 oz of golden.

SilverCrest supplementary that construction prices stayed steady with management of near $8 a gray equal grain. Stone Crusher Machine

The fully owned Santa Elena mine is located 150 km northeast of Hermosillo, near Banamichi, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an expected life-of-mine cash cost of $8/oz ounce of silver equivalent, at a ratio of 55:1 ounces of silver/gold.