Quarterly/ yearly production We were producing (and selling roughly) 711 oz Au and 66,000 oz Ag per quarter. We should be annualizing now (going forward) about 3000 oz/year Au and 270,000 oz of silver annually. We should see a slight increase from the last quarter as I expect San Francisco mine contribution to increase. The new expanded mill with new power grid improvement should have an impact. Production from Mina Real mine both underground and open pit mining I expect to continue mining Au and Ag at a similar regular pace. Probably another $3 million in gross revenue this quarter.
Remember the mill is not up to capacity yet as they were running it up with the new mill expansion while testing the refurbished electrical grid so I expect a modest increase in production, assuming there are no other issues. Next report will be out in a week or two.
To December to Feb 2012 on SEDAR
| Tonnes Processed 19,340 Tonnes |
| Gold Grade 1.30 g/t | | |
| Silver Grade 191.85 g/t | |
| Gold Recovery 89.69 % | |
| Silver Recovery 55.50 % | |
| Gold Produced 722 Ounces | |
| Gold Sold 711.54 Ounces | |
| Silver Produced 66,202 Ounces | |
| Silver Sold 64,215.72 Ounces | |
| Gold Equivalent Produced 1978 Ounces |
The following subsequent production would be for March and the first 2 weeks in April.
| Tonnes Processed 8,984 Tonnes |
| Gold Grade 1.40 g/t | | |
| Silver Grade 212.75 g/t | |
| Gold Recovery 91.14 % | |
| Silver Recovery 60.14 % | |
| Gold Produced 369 Ounces | |
| Gold Sold 363.14 Ounces | |
| Silver Produced 36,952 Ounces | |
| Silver Sold 35,843.12 Ounces | |
| Gold Equivalent Produced 1091 Ounces |