https://www.miningweekly.com
Gold|Underground|Operations
Gold|Underground|Operations
gold|underground|operations

First Majestic reports solid start to 2019

17th April 2019

By: Creamer Media Reporter

     

Font size: - +

Mexico-focused miner First Majestic Silver has had a solid start to 2019, with its first-quarter production reaching 6.3-million silver-equivalent ounces (SEOs).

This compares with 3.9-million SEOs in the same quarter of 2018, and 6.5-million SEOs in the fourth quarter of last year.

Total production consisted of 3.3-million ounces of silver, 32 037 oz of gold, 2.7-million pounds of lead and 1.3-million pounds of zinc.  

“Pure silver production increased 2% to 3.3-million ounces as a result of higher grades at the San Dimas and La Encantada mines. The commissioning progress of the new La Encantada roaster improved in the month of March, but remained below throughput guidance for the full quarter. Nevertheless, La Encantada recorded a significant 60% increase in silver production in the quarter due to higher grades and tonnes processed,” president and CEO Keith Neumeyer said on Tuesday.

Consolidated silver grades in the quarter averaged 150 g/t compared with 144 g/t in the previous quarter. This 4% increase was primarily the result of higher grades at San Dimas and La Encantada. Consolidated gold grades averaged 1.26 g/t compared with 1.31 g/t in the prior quarter representing a 4% decrease, owing to lower underground grades at Santa Elena.   

Consolidated silver and gold recoveries averaged 83% and 96%, respectively, and were consistent with the previous quarter.

Neumeyer added that Silver Majestic expected its investments in new innovations, such as high-intensity grinding and microbubbles, to begin to bear fruit in the second half of 2019 with higher recoveries and production at the Santa Elena, La Encantada and La Parrilla operations.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Anglo American share price shows traders want a sweeter bid
Anglo American share price shows traders want a sweeter bid
Updated 1 hour 4 minutes ago By: Bloomberg

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







sq:0.176 0.219s - 114pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: