The company never reached that target production rate after Golden took over operations and then silver/gold price collapsed and both mills were placed under care & maintenance around June 2013 (production was at about 550 tpd when closed in) with the re-start of just the sulphide mill last November 2014 based on a new production plan with much lower cost structure. The plan has forecast costs as low as $12 per silver eq. payable ounces net of by-product credits with 200,000 - 250,000 ounces of silver eq. production quarterly in Q3 2015 on 280 tpd milling rate. The last update at end of April said guidance was on track.

Although this is far from potential production rates at Velardena it does seem the company is on plan and might be able to make a little money while most silver producers struggle at these price levels.