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April 15, 2014
08:28 EDTSVLCSilverCrest reports Q1 production 201,101 oz silver, 7,545 oz gold
Reports Q1 silver equivalent production up 17% to 653,801 oz. Reports Q1 waste to ore ratio down 78% to 0.94, consistent with the mine plan. N. Eric Fier, president and COO stated; "During Q1, Santa Elena experienced lower ore and waste tonnes mined from the open pit as it approached the end of its mine life. However, metal production exceeded corporate guidance projections for the quarter. The company continues to focus on the completion stages of the Santa Elena Expansion Plan which should significantly increase our annual precious metal production starting in mid-2014. The recently announced pit closure at Santa Elena may have some impact on Q2 production but SilverCrest maintains the previously announced 2014 corporate production guidance of 3.3-3.6 million ounces AgEq."
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