27,000 ounces last quarter from PedroThis is a large portion of the overall gold production for this company.
Cerro San Pedro gold sales totalled 27,193 ounces for the third quarter compared with 26,070 ounces in the same quarter in 2008. For the nine months ended Sept. 30, 2009, gold sales were 68,857 ounces compared with 64,182 ounces sold in the same period in 2008, which includes the first six months of production in 2008 prior to New Gold ownership. The increase in gold sales during the quarter was due to higher tonnes placed on the pad and increased recovery rate, partially offset by lower feed grade. Silver sales for the third quarter increased significantly to 382,278 ounces compared with 305,430 ounces sold in the third quarter of 2008. For the nine months ended Sept. 30, 2009, silver sales were 1.2 million ounces compared with 800,000 ounces sold in 2008, which includes the first six months of production in 2008 prior to New Gold ownership. The increase in silver production in the quarter is attributed to higher silver grades mined and the benefits of secondary leaching which commenced during the first half of 2009.