Silver Producer Focused on Growth - Mexico

Three producing silver mines/mills in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo in Guanajuato. Production forcast for 2013: 8M Oz Eq @ 8-9$/Oz

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Message: Q1 results

Q1 results

posted on May 15, 2008 08:01AM

http://www.marketwire.com/mw/release...

Highlights Q1 2008

- Mineral sales jumped by 48% to $10.7 million compared to Q1 2007.

- Silver production rose by 3% to 505,000 oz compared to Q1 2007.

- Mine operating earnings remained constant at $2.7 million compared to Q1 2007.

- Cash costs were $10.01 per oz, sharply higher than Q1 2007, but 10% lower than Q4 2007.

- Extended Porvenir Mine ore-body by drilling at Guanacevi Mines project in Durango.

- Discovered new "3785" gold-silver mineralized zone by drilling at Guanajuato Mines project.

- Acquired new "Navegantes" silver properties near the Parral project in Chihuahua.

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Jun 02, 2008 08:17AM
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