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SilverCrest Mines Inc. (TSXV:SVL) reported the second quarter production results from the Santa Elena Mine in Sonora Mexico, producing 139,850 ounces of silver.
SilverCrest Mines Inc. (TSXV:SVL) reported the second quarter production results from the Santa Elena Mine in Sonora Mexico, producing 139,850 ounces of silver.
As quoted in the press release:
- Silver produced oz: 139,850; 87% increase over Q2 2011
- Gold produced oz: 8,584; 57% increase over Q2 2011
- Ore Tonnes crushed: 317,958; 33% increase over Q2 2011
- Silver oz to pad: 403,264; 14% increase over Q2 2011
- Gold oz to pad; 13,764; 10% decrease over Q2 2011
President of SilverCrest, J. Scott Drever, commented:
Operations at the Santa Elena mine enjoyed a robust second quarter with silver and gold production comfortably in line with our 2012 production guidance. This is the third consecutive quarter that we have operated at full, planned production rates. The crusher throughput averaged approximately 3,494 tonnes per day for Q2, 2012, compared to a plan of 2,500 tonnes per day. The open pit tonnes and grades continue to track closely with our geological block models and open pit mine plan. Cash costs for the quarter are anticipated to be consistent with our guidance of $8.20 per silver equivalent ounce. As a result of the strong first half of the year and projected production for the second half, the Company anticipates meeting or exceeding its 2012 production guidance of 435,000 ounces of silver and 33,500 ounces of gold.
Click here to read the full press release.
