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Santacruz Silver Reports Second Quarter 2019 Production Results
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Santacruz Silver Mining Ltd. ...
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"Santacruz Silver Reports Second Quarter 2019 Production ResultsVancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the \"Company\" or \"Santacruz\") reports on the operating results from the Veta Grande Project in Zacatecas, Mexico and the Rosario Project in San Luis Potosi, Mexico for the second quarter of 2019. Highlights:Consolidated silver equivalent production increases by 114% as compared to Q2 2018 and 45% as compared to Q1 2019Veta Grande silver equivalent production increases by 185% as compared to Q2 2018 and 18% as compared to Q1 2019Rosario silver equivalent production increases by 48% as compared to Q2 2018 and 145% as compared to Q1 2019Mr. Carlos Silva, Chief Operating Officer, stated \"The second quarter production results again reflect operational improvements at both mines.\" He continued, \"We expect a further production increase at Veta Grande in the third quarter as second quarter production was impacted by an unforeseen mechanical problem with the largest ball mill that required a major repair over the last half of the quarter. This work was completed in early July.\"During Q2 2019 the Company's consolidated silver equivalent production was 373,318 ounces, a 114% increase over Q2 2018 production (174,175 ounces) and a 45% increase over Q1 2019 production (257,138 ounces).At Veta Grande an unexpected mechanical issue with the largest ball mill resulted in an estimated 25% decrease to production for the second quarter. The ball mill was back online in early July. As a result of this matter the refurbishment and recommissioning of a fourth and smaller ball mill was delayed until Q4. At Rosario production in the second quarter was in line with the operations plan and is expected to continue to increase throughout the rest of 2019. 2019 Second Quarter Consolidated Production ResultsSummary of Production Results2019 Q22019 Q12018 Q2Material Processed (tonnes milled)47,43542,90452,025Silver eqv. ounce production(1)373,318257,138174,175Silver production (ounces)119,13193,57356,122Gold production (ounces)254158143Lead production (tonnes)456245142Zinc production (tonnes)985674507Average Head Grade (g/t Ag Eqv.)(1)270252176Development (metres)1,6871,5471,581 2019 Second Quarter Veta Grande Project Production ResultsSummary of Production Results2019 Q22019 Q120...