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Santacruz Silver Mining Ltd.: Santacruz Silver Reports Q1 2021 Production of 706,978 Silver Equivalent Ounces
176
85
-
182
61
0.19
72 In the above tables Ag Eq has been calculated as follows:
2021 Ag Eq was calculated using metal prices of: Ag $25.00/oz, Au $1,925/oz, Pb $0.85/lb, Zn $1.05/lb and Cu $3.00/lb.
2020 Ag Eq was calculated using metal prices of: Ag $17.85/oz, Au $1,480/oz, Pb $0.92/lb, Zn $1.09/lb and Cu $2.80/lb.
Silver Equivalent Comparative Production
As noted in the tables above, there is a significant reduction in silver equivalent ounces produced in Q1 2021 as compared to that produced in Q1 and Q4 2020. This negative change in production is due in large part to the metal prices used for this calculation in 2021 as compared to 2020. For example, had the Company used the 2020 metal price deck for its silver equivalent production calculation at the Zimapan Mine in Q1 2021, the reported silver equivalent ounces produced would have been 868,750, an increa
London, England - Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ( Rambler or the Company ), a copper and gold producer, explorer, and developer, announces results for the fiscal quarter ended 31 March 2021 and operations update for 2021. During Q1 2021, the Nugget Pond copper and gold milling facility processed 57,357 dmt at a feed grade of 1.64% copper and 0.55 grams per tonne of gold. Recovery of metal to concentrate was 96.6% and 66.0% for copper and gold respectively. In the quarter, Rambler sold saleable copper and gold production of 876 tonnes and 562 ounces respectively from 3,323 tonnes of copper concentrate. Following the December 2020 equity financing, Q1 2021 heralded the start of the operation s recovery plan. Comparisons with Q1 of 2020 should be considered in that context as there was no meaningful continuity of production between these periods.