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Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) provided a Q1 2014 operational update for its Argentina-based Pirquitas mine, commenting that during the period it put out 1.9 million ounces of silver and 8.8 million pounds of zinc.
Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) provided a Q1 2014 operational update for its Argentina-based Pirquitas mine, commenting that during the period it put out 1.9 million ounces of silver and 8.8 million pounds of zinc. That means it is on track to meet its production guidance.
Other highlights include:
- Delivered consistent mine production: Mined 4.2 million tonnes of material during the first quarter, in line with budget expectations.
- Achieved steady mill throughput: Milled 4,514 tonnes per day on average during the first quarter,13% above nominal design. Silver mill grade of 204 grams per tonne, on average, and resultant silver recoveries of 72%, on average, impacted silver production.
John Smith, president and CEO of Silver Standard, commented:
Operations were consistent with expectations as the first quarter at Pirquitas is typically a below average quarter due to impacts of the rainy season at site. Coming off a strong fourth quarter, operating performance remained consistent while lower grade stockpiles, accessed due to the weather impact, supplemented mined ore feed. We continue to drive operational effectiveness aimed at further improving margins with expected strong performance at Pirquitas for the remainder of 2014, complemented by the integration of Marigold operating results in the second quarter.
Click here to read the full Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) press release.