Martha Mine (Coeur)
Location:
Argentina, Santa Cruz
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Property NewsSeptember 30, 2008 Reported silver production was 816,495 ounces and gold production was 1,028 ounces compared to 543,803 ounces of silver and 1,015 ounces of gold in the third quarter of 2007. The increase in silver production was primarily due to a 69.9% increase in mill tonnages offset by lower silver ore grades as compared to ore tonnages and grades in the third quarter of 2007. Also 5,200m of drilling were completed to expend reserves and discover new mineralization which focused on the Betty and Isabel vein system. June 30, 2008 Reported to have commissioned a new 260 ton per day processing facility during the first half of the year. As a result, production had been hampered by mill start-up related issues and a shortage of available spare parts to address these issues. March 31, 2008 Reported silver production was 650,636 ounces compared to 623,098 ounces in the first quarter of 2007. The increase in silver production was primarily due to higher tons mined, partially offset by lower silver grades. Silver production was 614,442 ounces and gold production was 815 ounces in the second quarter of 2008, compared to 809,026 ounces of silver and 1,089 ounces of gold in the second quarter of 2007
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