Sierra Metals Reports Record Third Quarter 2016 Production Results

- October 17th, 2016

Sierra Metals (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) reports record mine ore throughput for the Company in their third quarter production results. As quoted in the press release: During Q3 2016, consolidated metal production increased compared to Q3 2015 production, and achieved the second best level of quarterly metals production in the Company’s … Continued

Sierra Metals (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) reports record mine ore throughput for the Company in their third quarter production results.
As quoted in the press release:

During Q3 2016, consolidated metal production increased compared to Q3 2015 production, and achieved the second best level of quarterly metals production in the Company’s history, due to record plant throughput, higher head grades and higher recoveries at the Yauricocha Mine in Peru, as well as record plant throughput at the Bolivar Mine in Mexico
The Yauricocha Mine processed a total of 237,429 tonnes in Q3 2016 representing a 23% increase compared to Q3 2015. Higher metal production was driven by higher plant throughput, higher silver, copper and zinc head grades from the polymetallic and lead-oxide concentrates; higher recoveries of all metals, except zinc, which were a consequence of higher head grades in the ore sources available to be mined in Q3 2016 versus Q3 2015 as the Esperanza Zone was brought into production.
Bolivar [Mine] had another quarter of record plant throughput in Q3 2016 of 250,260 tonnes which was a 21% increase compared to Q3 2015. The record throughput and higher recoveries for all metals helped offset the lower head grades encountered for all metals, and resulted in a 10% increase in copper equivalent production in Q3 2016 compared to Q3 2015.
[At Cusi Mine, the] total ore processed of 48,863 tonnes during Q3 2016 decreased 6% compared to Q3 2015. Higher head grades for gold and lead, and higher recoveries for all metals, except silver, as well as the start of zinc concentrate production from the plant, during Q1 2016, helped offset the decrease in throughput which resulted in a 10% decrease in silver equivalent production.

Click here to read the full text release.

Tags

Leave a Reply