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Message: Q1 2010 Earnings Call Transcript

the company posted the transcript of the last conference call. i'm not sure if this is a one-off or if they've been doing it all along:

Operations are progressing well at Pirquitas. We show the open pit here on slide 6. The upper photo shows the pit looking north and we are about to encroach on the valley floor and advance the pit through to join up with the south side. For those with large monitors, you can make out the anticline structure nicely in the north wall of the pit.

The lower shot shows the south side of the pit where we have just commenced mining, sulphide ore. Operationally, the pit is performing very well. Safety and environmental has been excellent and production continues to improve. We have commenced the Phase II push back in early April and the mining is reconciling well with our expectations.

A very pleasing aspect of the pit operations is the sustained improvement in unit mining costs. We are now running at U.S. $1.81 per ton mine for the quarter which is a great result for a small altitude, small high altitude pit and much better than what we had planned to achieve for the year. Our conservative effort to implement long term efficiency improvements and direct cost reduction programs has paid good dividend throughout the year. Work on the cost reduction front is on-going and our objective now is to take the successes of the open pit operation and translate those systems and outcomes to the processing facility.

http://seekingalpha.com/article/209526-silver-standard-resources-inc-q1-2010-earnings-call-transcript?source=yahoo

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