Coal Preparation
Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Coeur Begins Commercial Production at Its New Silvertip Mine, B.C.

Published: September 19, 2018 |

[Click image to enlarge]

Coeur Mining, Inc. has declared commercial production effective September 1, 2018 at its new high-grade Silvertip silver-zinc-lead mine located in northern British Columbia.

“The commencement of commercial production at Silvertip is a significant milestone. We completed the acquisition of Silvertip in October 2017 and commenced production in March after successfully commissioning the mill. Since then, our team has been focused on optimizing plant performance and on upgrading the mine’s infrastructure. We continue to be excited about the impact Silvertip is expected to have on our production, margins and cash flow beginning next year,” said Mitchell J. Krebs, Coeur’s president and chief executive officer.

“Optimization efforts at Silvertip will continue over the next several quarters, with processing rates on-track to average 750 tonnes per day (“mtpd”) by year-end and reach 1,000 mtpd in early 2019. We remain on-track to publish an initial NI 43-101 Technical Report in the fourth quarter and expect to receive approval of the permit amendment application to operate at 1,000 mtpd around year-end,” added Krebs.

During August, processing rates averaged approximately 450 mtpd, up from approximately 350 mtpd during July and approximately 250 mtpd during June. Processing rates regularly ranged between 500 to 650 mtpd during August and exceeded 800 mtpd late in the month. During the same time, plant availability improved to 80 percent, up from 75 percent in July and 65 percent in June.

Through July, the company has invested a total of $51.3 million in Silvertip ($5.8 million expensed and $45.5 million capitalized), including $29.8 million of capitalized operating expenses, $8.0 million of capitalized resource infill drilling and $2.1 million of expensed resource expansion drilling. Near-term priorities for the company include the construction of improved camp facilities, acceleration of underground development activity and the introduction of long hole stope mining to selected areas. As of August 31, 2018, Silvertip had 250 employees.


About Coeur
Coeur Mining, Inc. is a well-diversified, growing precious metals producer with five mines in North America. Coeur produces from its wholly-owned operations: the Palmarejo silver-gold complex in Mexico, the Silvertip silver-zinc-lead mine in British Columbia, the Rochester silver-gold mine in Nevada, the Wharf gold mine in South Dakota, and the Kensington gold mine in Alaska. In addition, the company has interests in several precious metals exploration projects throughout North America.

To stop by Coeur’s website, CLICK HERE


Be in-the-know when you’re on-the-go!

FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.


Copyright © 2018 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)

Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement