SilverCrest declares commercial production at Las Chispas
SilverCrest Metals (TSX:SIL) declared that its Las Chispas Mine, located in Sonora, Mexico, achieved commercial production on November 1, 2022.
Declaration of commercial production is based on achieving a continuous two-month period operating the processing plant at a minimum of 80% capacity for its name plate design of 1,250 tonnes per day or 1,000 tpd and showing a combined gold and silver recovery or silver equivalent recovery of greater than 85%, wrote the company.
Next step is ramping up production, said CEO N. Eric Fier.
“Moving Las Chispas from discovery to production in less than seven years is a monumental achievement. We are extremely proud of the dedication and execution from all involved. We now look forward to finishing our ramp-up to designed levels, generating revenue with subsequent free cash flow, and releasing an updated Technical Report in H1, 2023”.