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SilverCrest Mines Inc. (TSXV:SVL, NYSE:SVLC) announced production results for Q1 2013 from their Santa Elena Mine in Sonora, Mexico.
SilverCrest Mines Inc. (TSXV:SVL, NYSE:SVLC) announced production results for Q1 2013 from their Santa Elena Mine in Sonora, Mexico.
As quoted in the press release:
Production Highlights of Q1, 2013 vs Q4, 2012:
Silver production of 153,481 ounces was consistent with 153,863 ounces in Q4.
Gold production decreased by 8% to 7,225 ounces.
Ore Tonnes crushed decreased 18% to 252,830 tonnes due to focus on removing more waste tonnes.
Waste to ore ratio increased to 4.27 from 3.07 due to planned increased waste stripping.
Silver Crest’s President, J. Scott Drever, said:
Our decision to accelerate waste removal is consistent with our overall mine plan for 2013 operations. We are comfortable that as the ultimate strip ratio declines and the ore grades in the pit continue to increase we will meet our production and cost projections for the year. We expect the positive results of improvements in these two metrics to become apparent in the second half of 2013.
To view the whole press release, click here.
