Americas Silver reports Q2 silver production 300K oz
Consolidated silver production for the quarter of approximately 300,000 silver ounces and 1.5 million silver equivalent1 ounces, representing decreases of 24% and 9%, respectively, when compared to Q1, 2018, and a decrease of 46% and an increase of 24%, respectively, year-over-year. Consolidated cash costs2 for the quarter were approximately negative ($6.15) per silver ounce, a decrease of 125% when compared to Q1, 2018 and 185% year-over-year, while consolidated all-in sustaining costs were approximately $5.40 per silver ounce, a decrease of 13% when compared to Q1, 2018 and 49% year-over-year. Cosala Operations milled tonnage increased by 13% over Q1, 2018 as San Rafael continued to successfully ramp up both mining and milling rates in the second quarter of commercial production. As a result, silver production increased to approximately 90,000 silver ounces and 1.0 million silver equivalent ounces during the quarter, representing increases of 19% and 10%, respectively, when compared to Q1, 2018. Cash costs were approximately negative ($60.13) per silver ounce and AISC were approximately negative ($41.66) per silver ounce representing a decrease of 15% when compared to Q1, 2018.