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Wonawinta increases production - CCR

6th December 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Silver miner Cobar Consolidated Resources (CCR) remained firmly on track to produce some 200 000 oz/m of silver by early 2014, as the company’s Wonawinta mine, in New South Wales, continued to deliver.

CCR reported on Friday that production during November was up 18% on the previous month, with the mine producing 167 000 oz of silver. This included silver dore production of 128 000 oz and an increase in circuit stocks of 39 000 oz.

“We are encouraged by the strong safety performance and the improving operational performance at Wonawinta,” CCR CEO Paul Biddy said.

“As a result of the consistently higher plant availability and better recoveries later in the month, we demonstrated the plant’s ability to operate and recover silver in excess of the 200 000 oz/m rate.”

Biddy said that the company was expected to be cash positive once it reached its 200 000 oz/m production target.

Wonawinta poured its first silver in July last year. In August this year, CCR warned of an impairment of between A$28-million and A$33-million on the Wonawinta mine after a fall in commodity prices.

Edited by Creamer Media Reporter

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