Business
Canatuan Operation Increases Concentrate Output While Decreasing Cash Costs
Canatuan Operation Increases Concentrate Output While Decreasing Cash Costs
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\n\nSep. 15, 2009 (Canada NewsWire Group) -- CALGARY, Sept. 15 /CNW/ -- TVI Pacific Inc (\"TSX:TVI\" or \"the Company\") announced today that, for the month of August 2009, its Philippine affiliate, TVI Resource Development Philippines, Inc. (\"TVIRD\"), achieved increased levels of copper concentrate output with declining production costs at its Sulphide (Copper-Zinc) Project facility in Canatuan, Siocon, Zamboanga del Norte.Highlights to August 31, 2009:-------------------------------------------------------------------------August Year-to-date-------------------------------------------------------------------------Total tonnes of ore processed (t) 55,932 298,314-------------------------------------------------------------------------Average tonnes of ore processed per day (t) 1,804 1,228-------------------------------------------------------------------------Copper recovery (%) 91.5 80.4-------------------------------------------------------------------------Ore copper grade (%) 2.28 2.39-------------------------------------------------------------------------Ore gold grade (%) 0.59 0.82-------------------------------------------------------------------------Ore silver grade (%) 46.00 75.91-------------------------------------------------------------------------Concentrates produced (dry weight - t) 6,142 30,184-------------------------------------------------------------------------Average daily concentrate production (tpd) 198 124-------------------------------------------------------------------------Concentrate copper grade 18.97 19.00-------------------------------------------------------------------------Concentrate gold grade (g/t) 3.83 3.79-------------------------------------------------------------------------Concentrate silver grade (g/t) 258.39 319.60-------------------------------------------------------------------------Average cash costs per Cu lb eq produced (US$)* 0.47 0.61-------------------------------------------------------------------------* Excludes selling expenses. For the month of August 2009, the copperpound equivalent for metals shipped was calculated using commodityprices of US$2.75/lb for copper, US$952.15/oz for gold andUS$14.27/oz for silver. For the year-to-date (specific dates) thecopper pound equivalent for metals shipped was calculated usingcommodity prices of US$2.29/lb for copper, US$...