Guanajuato Silver Company Ltd announces consolidated production results for the three months ended March 31, 2023. Q1 2023 Production report said, the record production during the quarter of 938,047 silver-equivalent (AgEq) ounces derived from 458,803 ounces of silver; 4,413 ounces of gold, the ramp-up across all four of our silver mines continues to generate quarter-over-quarter production increases.
Underground hydraulic fill tailings system successfully implemented at VMC; Tailings material is now being deposited underground in one of the numerous voids that have been created over Valenciana’s 450-year mining history. Topia processing capacity increased approximately 10% due primarily to the optimization of a new tailings filter press.
Principal central maintenance shop has been completed in Guanajuato, and is now fully operational; the Company estimates that over US$1 million has been saved through the refurbishment of discarded and neglected equipment recently acquired through the MMR transaction.
Production guidance for 2023 remains unchanged; silver equivalent production is expected to range from 4.6 to 4.8 million ounces.
“It is our mission to consistently achieve our stated production goals, and in the First Quarter we did just that. Record production of precious metals in Q1 puts us on the right course for 2023 as we look to continue the ramp-up phase across all of our producing assets,” said James Anderson, Chairman & CEO.
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