U.S. Silver & Gold Inc. (TSX:USA, OTCQX:USGIF) announced production results from 2012 and production guidance for 2013.
As quoted in the press release:
- Strong fourth quarter consolidated silver production totalling 661,337 ounces along with gold production of 3,832 ounces.
- Consolidated annual silver production of 2.57 million ounces, representing an increase of 6 percent over 2011 and consolidated annual gold production of 20,432 ounces.
- Discovery of a large, high grade area of silver-copper mineralization adjacent to the Caladay Zone. Drill results include 3.7 feet at 65.3 ounces per ton silver (2,239 grams per tonne), 5.5 feet at 59.7 ounces per ton silver (2,047 grams per tonne) and 2.0 feet at 66.2 ounces per ton silver (2,270 grams per tonne).
U.S. Silver & Gold’s President and CEO, Darren Blasutti, said:
With the increased silver production achieved during the fourth quarter of 2012, and expected higher productivity from our new 24/7 schedule, we are confident we can meet the goals set for 2013. We are particularly excited about the increasing potential of the Caladay Zone.