Americas Gold & Silver 2Q Output Rises, Expects Improved Production in 2H — Commodity Comment

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By Adriano Marchese

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Americas Gold & Silver Corp. said second-quarter silver-equivalent production increased by more than 5% from the first quarter and it expects to see higher silver output in the second half of the year.

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On production:

The company produced 1.34 million silver-equivalent ounces in the second quarter, up from 1.27 million ounces in the first quarter and 232,561 ounces a year ago.

“Silver production was unchanged quarter-over-quarter and increased 115% year-over-year.”

On outlook:

“Silver production is estimated to increase in 2H-2022 from a combination of mining higher tonnage in higher-grade silver copper stopes.”

“We expect to see an appreciable increase in silver production over the second half of the year as the Galena complex plan [in Idaho] begins to mine more higher-grade silver stopes and San Rafael [in Mexico] sees increased contribution from the high-grade silver upper zone.”

“The company’s silver equivalent production guidance remains at 4.8 to 5.2 million ounces in 2022 with further increases forecast at 7.0 to 7.4 million ounces in 2024, increases of approximately 240% and 375%, respectively, compared with 2021.”

Write to Adriano Marchese at [email protected]

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Credit: www.marketwatch.com /

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