By Robb M. Stewart
Americas Gold & Silver, a Toronto-based mining company, remains committed to its production targets for 2023 following a substantial increase in silver output in the latest quarter.
Production Guidance:
The company plans to achieve consolidated attributable silver production ranging between 2.2 million and 2.6 million ounces. Additionally, they aim for consolidated attributable silver-equivalent production to be in the range of 5.5 million to 6 million ounces.
Second Quarter Production:
During the second quarter, Americas Gold & Silver witnessed a remarkable 92% year-over-year surge in silver production, amounting to approximately 570,000 ounces. This also represented a 15% increase from the previous quarter.
In terms of silver-equivalent production, the company recorded 1.3 million ounces for the latest quarter. While this figure remained the same as the previous quarter, it exhibited growth from 1.2 million ounces in the quarter before.
The Cosala operations, owned by Americas Gold & Silver and based in Mexico, contributed around 335,000 ounces of silver to the overall production in the second quarter. Additionally, they produced 3.2 million pounds of lead and 9.6 million pounds of zinc.
At the Galena Complex in Idaho, where the company holds a 60% stake, the attributable production included approximately 238,000 ounces of silver and 2.7 million pounds of lead.
