Copper rose as much as 0.6 percent. Some of the worlds largest copper mines were forced to shut down as rains in the Atacama Desert of northern Chile closed roads and flooded towns. Codelco, the worlds biggest copper producer, shut all of its Atacama mines including Chuquicamata and Radomiro Tomic, according to the state-owned company.
Scott Drever, Chief Executive Officer and Director, stated; “2014 was another challenging but successful year for SilverCrest, as we transitioned from an open pit heap leaching operation at Santa Elena to an underground mining and milling operation. By the start of the fourth quarter, we had successfully commissioned both the underground mine and the 3,000 tonnes per day mill and processing facilities. SilverCrest achieved 93%…
Ejidatarios de San Martín, Colón, se manifestaron frente a la empresa minera Peña de Bernal para exigir el pago de indemnización por daños ocasionados a tierras de uso común, ello luego de que acusaron a la compañía de haber realizado la explotación subterránea en seis hectáreas sin el consentimiento de los ejidatarios.
We had a good start to 2014, though water management slowed development into the Rodilla and 623 mantos later in the year, stated Brendan Cahill, President and Chief Executive Officer. Production results during the second half of the year were disappointing, with higher operational costs due to an increased focus on development. That said, improved water management is a clear path to improving production, profitability and cash flows from Platosa, even at current silver prices, and we are increasingly confident in our plan to solve Platosas water issues permanently.
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