Santacruz produces 154,175 oz AgEq in Q1 2018-05-24 16:07 ET - News Release
Mr. Arturo Prestamo reports SANTACRUZ SILVER REPORTS FIRST QUARTER 2018 PRODUCTION RESULTS Santacruz Silver Mining Ltd. has released the operating results from the Veta Grande project in Zacatecas, Mexico, and the Rosario project in San Luis Potosi, Mexico, for the first quarter of 2018. The Company produced a total of 154,175 silver equivalent ounces in Q1 2018 (Q1 2017 - 223,968; Q4 2017 - 139,670). As compared to Q1 2017, the decreased production reflects 30% less tonnes milled at the Rosario Project and a 32% decrease in the average silver equivalent head grade at the Veta Grande Project. As compared to Q4 2017, the increased production reflects an 11% increase in the average silver equivalent head grade at the Rosario Project and a 98% increase in tonnes milled at the Veta Grande Project offset by 22% decrease in the average silver equivalent head grade. "During Q1 of 2018 management focussed activities on aggressively developing the Veta Grande main ramp in order to access in situ mineralized material from Q3 onwards. This strategy has resulted in lower head grades and reduced metal production for the short run but will pave the way for achieving targeted production for Q3 and beyond." stated Arturo Prestamo. He continued, "At Rosario the millfeed continued to be a blend of development muck and mineralized material from production stopes. During Q2 the percentage of development muck will decrease as more production stopes come online and by Q3 we expect to be at targeted production and head grade levels." http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SCZ-2613636
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