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Altaley ramps up quarterly production at Campo Morado

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(Kitco News) - Altaley Mining (TSXV: ATLY) today reported the preliminary production results for Q2 2021 from its Campo Morado polymetallic mine located in State of Guerrero, Mexico.

According to the company’s statement, Campo Morado produced 11.9 ktonnes of zinc concentrate and 2.7 ktonnes of lead concentrate in Q2 2021, which is 8% and 42% more than in Q1 2021, respectively.

The company said that net revenue has increased on average by 36% to total US$ 16.2 million for the Q2 2021. Average Q2 metal recoveries have increased in all metals - gold up by 50%, silver up by 23%, lead up by 18% and zinc up by 6%.

These increases have been achieved by a combination of increasing realized metal prices, and process improvements implemented by the operations team who have performed above management expectation for the quarter, the company added.

Altaley Mining is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects. Altaley's Tahuehueto mining project is targeting initial pre-production by end of 2021 and ramping up to full production capacity during Q1 2022.

Campo Morado is an operating polymetallic base metal mine with mining and milling equipment currently producing at an average of 2,150 tonnes per day and is currently estimated to be Mexico's 6th largest zinc producer.

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