Das Quartal ist besser als die anderen. Jedoch ist die Recovery immer noch schlecht. Die durchschnittliche Grammzahl hat sich zwar verbessert, ist aber immer noch deutlich unter den ursprünglichen Vorgaben. immer noch unter 1000 gramm.
TORONTO, Nov. 14, 2019 - Silver Bear Resources Plc (?Silver Bear? or the ?Group?) (TSX: SBR) announces the filing of its interim financial results for the three and nine-month periods ended September 30, 2019 today, including development highlights from its Mangazeisky silver project in Far East Russia.
For complete details of the unaudited Interim Consolidated Financial Statements and associated Management?s Discussion and Analysis please refer to the Group?s filings on SEDAR (www.sedar.com) or the Group?s website (www.silverbearresources.com).
Highlights
For the three and nine-month periods ending September 30, 2019, and thereafter:
Full commercial production achieved starting July 1, 2019; President and CEO of Silver Bear Resources ? Vadim Ilchuk ? officially opens the Group?s Vertikalny Mine at the fifth annual Eastern Economic Forum in Far East Russia. See full presentation at the Group?s website under Investors / Presentations; The Group engaged Wardell Armstrong (Moscow) to provide a review of the mineral resources as well as revised mine and processing plans of Vertikalny and Mangazeisky North deposits (the ?Wardell Review?). The Group expects to receive the final results of the Wardell Review in the near future. Though the exact amounts are not currently known, initial indications suggest that the current resources at both deposits may be materially overstated. Final results and any impact on the mine and processing plans will be disclosed once the final Wardell Review has been received and assessed; Produced a total of 502,134 ounces of silver for the three-month period ended September 30, 2019, with a total of 1,074,848 ounces of silver produced to date; Sold a total of 400,877 ounces of silver of US$ 6,806,711 for the three-month period ended September 30, 2019; Mined a total of 27,577 tonnes of ore, processed 26,576 tonnes of ore at an average grade of 832 g/t of silver for the three-month period ended September 30, 2019; The Group has reported a total comprehensive loss for the three-month period ended September 30 2019 of $2,858,171 and an accumulated deficit of $167,700,175.
Vadim Ilchuk, President and CEO, commented: ?I am pleased to announce that the Group achieved full commercial production in the third quarter this year, as we continued to see consistent operating performance at Vertikalny with silver production of 1,074,848 ounces through the first nine-months of 2019. Going forward the Group is on track with a forecast silver production of between 490k to 590k ounces for the three-month period ending December 30, 2019. In addition, it was a great pleasure to present the official opening ceremony of the Group?s Vertikalny Mine at the fifth annual Eastern Economic Forum in Far East Russia. I would like to thank the determination and commitment of our Prognoz team and the support of our major shareholders for helping us achieve this important milestone.?
Operational & Financial Results Summary ? Q3 2019
The Group achieved first pre-commercial silver production in April 2018 through its commissioning activities at the Mangazeisky Silver Project as construction of the processing plant and associated infrastructure was completed. The Group achieved commercial production at the beginning of the third quarter of this year. During the third quarter the Group continued to increase its productivity in mining and processing on a month over month basis.
§Commercial Production
§Pre-commercial Production
§Commercial/Pre-commercial Production
§Pre-commercial Production
Three-months ended§ Sept 30, 2019
Three-months ended§ Sept 30, 2018
Nine-months ended§ Sept 30, 2019
Nine-months ended§ Sept 30, 2018 Operating Data
§ Ore Mined (tonnes) 27,577
§34,128
§87,230
§55,565 Ore processed (tonnes) 26,576
§18,936
§71,769
§33,020 Head grade (g/t Ag) 832
§732
§670
§711 Recovery (%) 70.7 % 55.7 % 70.5 % 56.7 % Silver ounces produced 502,134
§262,923
§1,074,848
§335,230
§ Financial Data
§ Silver ounces sold 400,877
§177,321
§1,027,574
§187,793 Average realized price (US$/oz) 16.98
§14.96
§15.91
§15.03 Production and pre-production revenues (US$) 6,806,711
§2,652,279
§16,345,990
§2,823,515
§ During the three-month period ended September 30, 2019, the Group mined 27,577 tonnes of ore from its Vertikalny open pit and milled 26,576 tonnes of ore, producing 502,134 ounces of silver contained in dry powder (before smelting losses and refinery adjustment). During the three-month period ended September 30, 2019, the Group sold approximately 400,877 ounces of silver at a realized price of US$16.98 Ag/oz. For the nine-month period ended September 30, 2019, the Group produced 1,074,848 ounces of silver and sold 1,027,574 ounces of sliver for production revenue of US$ 16,345,990.
During the third quarter, the process plant continued to generally operate well, demonstrating it could consistently operate as designed at planned throughput rates for ore. Also during the quarter, the Group engaged Wardell Armstrong (Moscow) to provide a review of the mineral resources as well as revised mine and processing plans of Vertikalny and Mangazeisky North deposits. The engineering review is expected be completed in the fourth quarter of this year.
At present there are no construction contractors and approximately 161 Prognoz employees at site. There are also 31 contractors, namely catering, blasting and drilling, and process consultants. As of September 30, 2019, there was no lost time recorded accident at site.
During the quarter, mining activity was running close to planned levels. As part of the Group?s cost saving measures it took over the open pit drilling work from the current contractors in the second quarter. Grade control trenching is ongoing as is sampling from blasthole chippings, which helps to guide the updates of the mining model and detailed mining plans.
In the Second quarter, the Group completed construction of an on-site airstrip the benefits of which include the reducing personnel and cargo logistics costs and lessening flight irregularities due to weather conditions. The Group is also considering building a refueling station at the airstrip in the near future which is expected to further reduce costs.
Planning for the Group?s 2020 winter road procurement and transportation is underway, including tender procedures for fuel stores.
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