The Financial Post reported that First Majestic Silver expects their Del Toro Mine in Mexico to contribute heavily to their production, with an expected output of close to three million ounces in 2013 and close to six million ounces in 2014.
As quoted in the market report:
Commercialization of the 1,000 tonnes per day (tpd) flotation circuit is anticipated by April 1, 2013. Phase-two startup is expected by July 1, 2013, when the mill is expected to run at a combined throughput rate of 2,000 tpd. The third, final phase of production (2,000 tpd flotation and 2,000 tpd cyanidation) is expected by 3Q 2014, when Del Toro is expected to become the company’s largest operation, producing approximately 6 million silver ounces per year and significant amounts of lead and zinc.
Silver Demand Forecast And Silver Stocks To Buy
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