Santacruz Silver jumps production in 2Q 2019
Santacruz Silver Mining Ltd 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 (2Q) of 2019 and says, consolidated silver equivalent production increases by 114% as compared to Q2 2018 and 45% as compared to Q1 2019.
Veta Grande silver equivalent production increases by 185% as compared to Q2 2018 and 18% as compared to Q1 2019 while Rosario silver equivalent production increases by 48% as compared to Q2 2018 and 145% as compared to Q1 2019.
Mr 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 re-commissioning 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.
