TORONTO (miningweekly.com) – Vancouver-based First Majestic Silver expects to reach an operating rate of 2 000 t/d at its new cyanidation plant, at the La Encantada mine, which was inaugurated in a ceremony last week.
The opening was attended by Mexican federal authorities, including under-Minister of Mines, Ximena Valverde.
The plant, which cost less than $30-million, has a total capacity of 3 500 t/d, and is expected to reach this level by year end, First Majestic said.
Annual production from the facility is estimated at more than four-million ounces a year of silver.
The first shipments of silver precipitate to the smelter are planned within a few weeks as commercially saleable quantities are accumulated, the company said.
The installation of the induction furnaces, which will allow for melting of the precipitates into silver dore bars, will be completed during the first quarter of 2010.
First Majestic has three operating silver mines in Mexico – La Encantada, La Parrilla and San Martin.