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Americas Silver Reports Second Quarter Production Results and Relief Canyon Construction Update
TORONTO--(BUSINESS WIRE)--Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”), a growing North American precious m
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”), a growing North American precious metals producer, announces Q2, 2019 production and operating cost results on a consolidated and individual basis for its Cosalá Operations and Galena Complex and a construction update on the Relief Canyon gold mine. All figures are in U.S. dollars. Second Quarter Highlights Consolidated silver production of approximately 1.7 million silver equivalenti ounces and 345,695 silver ounces, representing an increase of 15% year-over-year to both silver and silver equivalent. Consolidated cash costsii were approximately $8.28 per silver ounce and consolidated all-in sustaining costs (“AISC”) were approximately $16.15 per silver ounce, both representing an increase year-over-year and from the prior quarter. These increased costs were primarily the result of lower realized prices for zinc and lead and lower production at the Galena Complex. For the first half of 2019, consolidated silver production of approximately 3.4 million silver equivalent ounces and 740,000 silver ounces with consolidated cash costs of approximately $3.60 per silver ounce and consolidated AISC of approximately $10.50 per silver ounce. Guidance for 2019 remains unchanged at 1.6 – 2.0 million silver ounces and 6.6 – 7.0 million silver equivalent ounces at cash costs of $4.00 to $6.00 per silver ounce and AISC of $10.00 to $12.00 per silver ounce. The Company expects to release its second quarter financial results on or before August 14, 2019. Construction is proceeding as expected at the Relief Canyon Mine with leach pad activities progressing, mobilization of the mining contractor expected later this week and all fabrication work on the crusher and conveyors progressing to meet scheduled delivery in the third quarter. First gold pour is expected in late Q4, 2019. Milled tonnage at the Cosalá Operations increased by 13% year-over-year, with the San Rafael mine sustaining an average milling rate of approximately 1,750 tonnes per operating day during the quarter, resulting in production of approximately 1.3 million silver equivalent ounces, including approximately 145,000 silver ounces. Cash costs were approximately negative ($18.27) per silver ounce and AISC were approximately negative ($11.66) per silver ounce, ...