2023-07-18 10:50:53 ET
Bear Creek Mining ( TSXV: BCM:CA ) ( OTCQX:BCEKF ) said Tuesday it produced 9,199 ounces of gold and 39,841 ounces of silver from the Mercedes Mine during the second quarter of 2023.
The company mined 121,490 tons of ore and processed 125,135 tons of ore during Q2.
During Q2, the company sold 6,458 ounces of gold.
"As previously reported, delays in development work experienced during the first quarter of 2023 impacted Mercedes' operations during Q2 2023," CEO Eric Caba said in a statement.
The company said factors impeding development in Q1 2023 were substantially improved in Q2 2023, leading to a 30% increase in development advances quarter over quarter.
Tonnes mined from the San Martin deposit are expected to double from 400 to 800 tons per day during Q3 2023 as the available working faces increase.
The Marianas deposit will be a strong contributor to 2023 production and a key component of the Company's longer-term plans for Mercedes, the company said.
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Bear Creek Mining produces 9.2k oz gold, 39.8k oz silver from Mercedes mine in Q2