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Silvermex's La Guitarra ups Q1 output to 143,128oz of silver equivalent

Bnamericas Published: Monday, April 25, 2011
Vancouver-based Silvermex Resources' (TSX: SLX) La Guitarra mine in Mexico state (Edomex) produced 143,128oz of silver equivalent in Q1, an increase of 51.1% quarter-on-quarter, according to the company's Q1 results. The mine produced 1,440t of concentrate containing 1,182oz gold and 92,883oz silver in the quarter. Silvermex is currently ramping up La Guitarra to full capacity of 320t/d, which is anticipated to be achieved by Q4. Throughput totaled 16,359t in the quarter, or some 181t/d, while grades averaged 191g/t silver and 2.5g/t gold, or 343g/t of silver equivalent. Last week, Silvermex announced the start of a 7,500m underground drilling campaign to delineate known structures in an effort to increase reserves and establish new production areas. Future development initiatives will be based on the results of the campaign. Silvermex plans to release Q1 financial results in mid-June.

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