Gatos Silver Inc. recently reported second-quarter production figures for its 70% owned Cerro Los Gatos (CLG) mine in Mexico. During the period, Gatos Silver said the mine produced a quarterly record of 240,047 metric tons (mt) of ore. The plant achieved record throughput processing 230,656 mt (or 2,535 mt per day), exceeding the previous quarter by 13%. The average ore grade was 311 g/mt silver, 0.35 g/mt gold, 2.51% lead and 4.41% zinc. With recovery rates of 89%, CLG produced more than 2.1 million ounces (oz) of silver during the second quarter, compared to 1.5 million oz during the first quarter.

“CLG’s impressive Q2 mine and plant performance produced record results,” CEO Stephen Orr said. “Mine development during Q2 accessed the expected higher-grade ore forecast to be mined during 2021 and the plant processed more than its design capacity of 2,500 mt/d.

Orr added that record recoveries for silver, lead and zinc achieved in the quarter were also well above design. “The higher tonnage and ore grades combined with the plant’s higher throughput and metals recoveries yielded record metals production,” he said. “We are progressing well against our 2021 production guidance.”

Headquartered in Denver, Colorado, Gatos Silver is a precious metals production and exploration company primarily focused on silver. Its first operating project, the Cerro Los Gatos mine within the Los Gatos District in the heart of Mexico’s silver belt, is approximately 120 kilometers south of Chihuahua City. Through a joint venture with Dowa Metals & Mining Co., Gatos Silver purchased the necessary land and access rights to create what they consider to be a leading model of modern silver mining Mexico. The Los Gatos District covers approximately 103,000 hectares and includes 14 currently known zones of mineralization. The company plans to progressively expand exploration and production throughout the Los Gatos District.