Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.
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Historical measured and indicated resource at the property are of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces.
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Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.
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The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.
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The Toronto-based miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the Peruvian mine.
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The Toronto-based miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the Peruvian mine.
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SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
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Peru’s environmental regulator OEFA has concluded that mining waste from the company’s Cuajone mine did not spill into a river during heavy rains last week.
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Company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year, but noted it expected to reverse the trend over the next two to three years.
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The company, which operates three mines in southern Peru and one in southern Argentina, said that any potential restart would be dependent on market conditions.
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