Santacruz Reports 2014 Production of 776,787 Silver Equivalent Ounces

Santacruz Silver Mining Ltd. (TSXV:SCZ) announced that during 2014′s fourth quarter its Mexico-based Rosario mine put out 255,487 silver equivalent ounces. For the whole of 2014 the mine produced 776,787 silver equivalent ounces.

As quoted in the press release:

During the fourth quarter the Rosario Mine produced at an average rate of approximately 280 tonnes per day (‘tpd’). By the end of the quarter the underground mining operations were producing at approximately 400 tpd and a surface stockpile inventory of +15,000 tonnes of ore had been generated. In December a third ball mill was installed at the milling facility and commissioning of this equipment was completed by month end. This increase in grinding capacity will contribute to a further reduction in operating costs.

Arturo Prestamo, president and CEO of Santacruz, commented:

During the past year the Company has made significant strides in its development. Production results for our fourth quarter 2014 confirm a continuous production expansion at the Rosario Mine. We are working hard to capitalize on our achievements from 2014 by bringing the Rosario Mine back into production as soon as possible. With some challenges behind us and based on the work completed in 2014, looking forward we are now focused on achieving positive milestones in 2015.

Click here to read the full Santacruz Silver Mining Ltd. (TSXV:SCZ) press release.