https://www.miningweekly.com

Americas Silver warns of lower-than-planned Q2 output

14th June 2018

By: Creamer Media Reporter

     

Font size: - +

TSX- and NYSE-listed Americas Silver on Thursday advised that the Galena Complex in Idaho would fail to meet its planned production targets for the June quarter, after mining was interrupted twice in the last two months.

The latest interruption occurred on Monday, following a mechanical failure in the brake mechanism of the No.3 hoist. All ore and waste skipping is done using the No.3 shaft and hoist.  

Repairs have started and the hoist should be back in operation by the end of the month, the company stated. During this time, mining will be suspended.

The latest issue follows a 10-day suspension of milling in April, to allow for maintenance repairs in the No.3 shaft.

Americas Silver said that the April shortfall should be made up over the course of the year and that May production had met expectations.

“These two short-term interruptions in the second quarter are unfortunate but are necessary to not only stabilise future production, but grow production at the Galena Complex,” CEO Darren Blasutti said in a news statement.

The Galena Complex produced 317 653 oz of silver and 665 630 oz of silver equivalent in the first quarter of the year.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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