Establishing as a 300,000 silver producer Q3 +Q4 showed that we can produce 80,000+ ounces per quarter again and that is with a ball mill that needs to be fixed (next few weeks). Having mill feed from 4 mines now as opposed to 2 should increase throughput for fiscal 2013. Rochester also has other upgrades to the mill to complete ( eg. thickener tank not required for current production). With the gold room virtually complete for the two induction furnaces, San Francisco now contibuting with the high grade silver we should be on track to increase production this coming year again. My gues is at least 310,000 - 340,000 ounces Ag this coming year. The new dore bar smelting from precipitate mining and production will be a probable game changer.
| RESULTS | Q1
(Jun 2012 - Aug 2012) | Q2
(Sep 2012 - Nov 2012) | Q3
(Dec 2012 - Feb 2013) | Q4
(Mar 2013 - May 2013) | ACCUMULATED
Fiscal 2013 | ACCUMULATED
Fiscal 2012 |
| Tonnes Processed | 17,390 Tonnes | 17,009 Tonnes | 16,573 Tonnes | 17,773 Tonnes | 68,745 Tonnes | 69,476 Tonnes |
| Gold Grade | 1.81 g/t | 1.25 g/t | 1.23 g/t | 1.43 g/t | 1.43 g/t | 1.38 g/t |
| Silver Grade | 214.32 g/t | 216.86 g/t | 249.43 g/t | 258.07 g/t | 234.726 g/t | 189.99 g/t |
| Gold Recovery | 92.85 % | 90.76 % | 90.40 % | 91.42 % | 91.52 % | 90.77 % |
| Silver Recovery | 57.66 % | 60.34 % | 61.57 % | 56.08 % | 58.83 % | 55.55 % |
| Gold Produced | 941 Ounces | 620 Ounces | 592 Ounces | 745 Ounces | 2,898 Ounces | 2,807 Ounces |
| Gold Sold | 927 Ounces | 610 Ounces | 583 Ounces | 734 Ounces | 2,854 Ounces | 2,765 Ounces |
| Silver Produced | 69,097 Ounces | 71,554 Ounces | 81,830 Ounces | 82,704 Ounces | 305,186 Ounces | 235,746 Ounces |
| Silver Sold | 67,024 Ounces | 69,408 Ounces | 79,375 Ounces | 80,223 Ounces | 296,030 Ounces | 228,673 Ounces |
| Gold Equivalent Produced | 2,148 Ounces | 1,986 Ounces | 2,124 Ounces | 2,161 Ounces | 8,419 Ounces | 7,538 Ounces |