The Conversation (0)
SilverCrest Mines Inc. (TSX VENTURE:SVL)(FRANKFURT:CW5) announced that initial mining has commenced in the Santa Elena open-pit with the first mining benches providing approximately 30,000 tonnes of ore to the coarse ore stock pile at the crusher.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(FRANKFURT:CW5) announced that initial mining has commenced in the Santa Elena open-pit with the first mining benches providing approximately 30,000 tonnes of ore to the coarse ore stock pile at the crusher.
The press release is quoted as saying:
Santa Elena will be a high-grade gold and silver, open-pit heap leach mine anticipated to reach commercial production in the fourth quarter of this year. The Company expects the 2,500 tonne per day facility to produce approximately 35,000 ounces of gold and 600,000 ounces of silver per year over an 8-year mine life, at an estimated life of mine cash cost of less than US$375 per ounce of gold equivalent. The estimated initial capital cost of the fully financed project is US$20 million.
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