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Pacific Coal Resources Ltd. (TSXV:PAK) announced an update to operations at its La Caypa and Cerro Largo – La Divisa mines.
Pacific Coal Resources Ltd. (TSXV:PAK) announced an update to operations at its La Caypa and Cerro Largo – La Divisa mines.
As quoted in the press release:
The third quarter production at La Caypa represents an annualized rate of 1.26 million tonnes vs. management’s projection of 1.20 million tonnes. Due to increased efficiencies at the mine, the third quarter strip ratio at La Caypa was 6.16:1, representing an approximate improvement of 14% in comparison to the previous quarter.
Pacific Coal’s CEO, Luis Carvajales said:
“We are very pleased with the third quarter performance of both La Caypa and Cerro Largo. La Caypa’s production and strip ratio results are still ahead of management’s projections, while the progress at Cerro Largo that we have achieved in such a short amount of time will continue into the next quarter, keeping us on track to reach production of 1.6 million to 1.8 million tonnes by year-end.”
Click here to read the Pacific Coal (TSXV:PAK) press release.