Americas Silver Corporation Reports Consolidated Production Results for the Third Quarter and Year to Date Ended September 30, 2016; Provides Production Guidance for the Year 2016
For the year to date, the company reported silver production of 1.8 million ounces, which represents a decrease of 11% compared to a year ago. Year-to-date silver equivalent production was approximately 3.5 million ounces which represents a decrease of 3% compared to the previous year. The decrease in silver and silver equivalent production is a direct result of the ground movement at Nuestra Senora in the second quarter.
Guidance for 016 was at 2.5 million ounces - 3.0 million ounces in silver production and 5.0 million ounces - 5.6 million ounces in silver equivalent production with projected cash costs of $9.00 - $10.00 per silver ounce and all-in sustaining costs of $11.75 - $12.75 per silver ounce. The company expects to be closer to the lower end of its production guidance for silver and silver equivalent production, and at the higher end of its cash cost and all-in sustaining cost guidance as a result of the Nuestra Senora ground movement and the investments in exploration, development and capital spending at Galena that were not previously budgeted.