Coeur Mining confirmed it has commenced production at its high-grade silver-zinc-lead Silvertip mine in British Columbia, Canada, following the successful commissioning of mill operations. Ramp-up of production is now slightly ahead of schedule with mill throughput expected to steadily increase throughout the remainder of the year from an estimated 250 metric tons per day (mt/d) in April to 750 mt/d by year-end.
“The achievement of this important milestone at Silvertip builds upon the strong momentum with which we have started 2018,” said Mitch Krebs, Coeur president and CEO. “Ramp-up of milling rates and production is planned to continue under temporary permit coverage through year-end.”
An application for a full permit amendment will be submitted during the second quarter, Krebs expected. With the company receiving approval by year-end, reaching nameplate capacity of 1,000 mt/d in early 2019, he added.
“Combined with our recent exit from Bolivia and the release of Rochester’s noteworthy preliminary economic assessment, we believe commencement of production at Silvertip further demonstrates the growing strength of Coeur’s North America-focused portfolio,” Krebs said.