https://www.engineeringnews.co.za

Coeur declares commercial production at BC silver/zinc mine

5th September 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The Silvertip silver/zinc/lead project that Coeur Mining bought less than a year ago, entered commercial production on September 1, prompting the NYSE-listed company to revise its full-year guidance.

Coeur bought the mine, located in northern British Columbia, in October 2017 and started production in March, after successfully commissioning the mill. Since then, the company has been focusing on optimising plant performance and on upgrading the mine infrastructure, CEO Mitchell Krebs reported on Tuesday.

“We continue to be excited about the impact Silvertip is expected to have on our production, margins and cash flow beginning next year,” he commented in a news release.

During August, processing rates averaged about 450 t/d, from about 350 t/d during July and 250 t/d during June. Processing rates are forecast to average 750 t/d by the end of the year and reach 1 000 t/d in early 2019.

Meanwhile, the improved visibility of Silvertip’s production and the stronger-than-expected performance at Rochester, in Nevada, led to the company revising its production guidance increase for 2018.

The guidance has been revised to a range of 36.1-million to 39.5-million silver-equivalent ounces, from the July guidance of 36-million to 39.4-million silver-equivalent ounces.

The Silvertip mine is forecast to contribute between 2.03-million and 3.48-million silver-equivalent ounces, compared with the original guidance of 4.03-million to 5.08-million silver-equivalent ounces. The Rochester mine’s forecast has been increased from between 6.9-million and 7.7-million ounces to between 7.68-million and 8.32-million silver-equivalent ounces.

Edited by Creamer Media Reporter

Comments

Latest News

Sasol petrol station
Macroeconomic factors dampen Sasol’s year-to-date performance
Updated 1 hour 16 minutes ago By: Marleny Arnoldi

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.063 0.116s - 156pq - 2rq
Subscribe Now