U.S. Silver reports August silver production up 38%
U.S. Silver Corporation reports August silver production was 191,400 ounces which is 38% over the second quarter 2008.
The mine averaged 812 tons per day in July, an increase of 240% compared to the 2007 average of 338 tons per day and a 198% increase as compared to 1st quarter 2008 numbers. August production of 191,400 ounces of silver is the highest monthly production since U.S. Silver acquired the Galena Mine Complex. The mine also produced an additional 21,700 ounces of silver equivalents in the form of lead and copper by-products.
U.S. Silver, the company expects in the short term:
production in September to be higher than the levels of the previous three months. Production should increase further in the 4th quarter as new production from the 5200 level silver-lead zone begins. In addition, management anticipates continued increases in tonnage and grade increases from other producing levels.
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Tue, Sep 16, 2008
Post by Melissa Pistilli, Silver Senior Reporter