TORONTO (miningweekly.com) – TSX-listed Mandalay Resources has achieved commercial production at its Cerro Bayo silver/gold mine in Patagonia, Chile, the firm said on Monday.
Mandalay bought the mine on care and maintenance from Coeur d'Alene Mines in August last year, and began processing ore through the restarted mill on January 10.
The first concentrate shipment, to a smelter in Japan, consisted of 327 t of concentrate containing some 215 oz of payable gold and 68 000 oz of payable silver., according to a statement from the company.
Mandalay said it expects to ramp up to a steady state production of 1 500 oz to 2 000 oz of payable gold and 250 000 to 300 000 oz of payable silver a month by the fourth quarter of this year.
Edited by: Liezel Hill
EMAIL THIS ARTICLE