Silver Standard provides Q3 operational update for Pirquitas Mine

theflyonthewall.com

Silver Standard Resources provides its third quarter operational update for the Pirquitas Mine in Jujuy, Argentina. Delivered consistent silver production and sales: Produced and sold 2M ounces of silver. Produced record 7.8M pounds of zinc: Third quarter zinc production represented a 40% quarter-on-quarter improvement due to higher zinc grades and plant recoveries. Focused on operating performance: Managed operating variation from blended ore mix to achieve stable silver recoveries and mill throughput of 4,283 tonnes per day, on average, 7% above nominal design. "Pirquitas continues to advance through the pit phase transition and the production result for this quarter was achieved notwithstanding ore blend variety presented to the plant," said John Smith, President and CEO. "At this point in the economic cycle, reducing costs and driving margin is the priority at Pirquitas. Therefore, achieving this production result, given the cost priority, underlines the determination to drive performance at the Mine."

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