Mr. Pierre Lacombe reports
SCORPIO MINING REPORTS FIRST QUARTER 2014 PRODUCTION RESULTS
Scorpio Mining Corp.'s production from the Nuestra Senora operations totalled 556,911 silver equivalent ounces in the first quarter ended March 31, 2014.
First-quarter 2014 silver production was higher than production in the fourth quarter of 2013; while silver equivalent production was lower because of a decline in lead, copper and zinc production in the first quarter of 2014, compared to the fourth quarter of 2013.
The first quarter of 2014 experienced the highest quarterly plant throughput recorded by the company since the plant start-up in 2008, at 137,317 tonnes. Silver recovery increased from 80.5 per cent in the fourth quarter of 2013 to 83.4 per cent in the first quarter of 2014, coinciding with the increase in silver head grades, from 75 grams per tonne in the fourth quarter of 2013, to 81 grams per tonne in the fourth quarter of 2014. Despite the lower head grades registered for copper, lead and zinc in the first quarter of 2014, versus the respective figures in the fourth quarter of 2013, all the associated recoveries for these metals were higher for the quarter recently completed.
KEY OPERATING STATISTICS
Q1 2014 Q4 2013
Total plant throughput (tonnes) 137,317 134,437
Head grade silver (g/t) 81 75
Head grade zinc (%) 1.38 1.51
Head grade copper (%) 0.21 0.23
Head grade lead (%) 0.63 0.71
Recovery silver (%) 83.4 80.5
Recovery zinc (%) 78.7 76.1
Recovery copper (%) 52.7 48.6
Recovery lead (%) 69.6 68.4
Total silver ounces produced 293,949 262,380
Total pounds zinc produced 2,986,772 3,406,341
Total pounds copper produced 327,664 333,023
Total pounds lead produced 1,197,658 1,443,955
Total silver equivalent ounces* produced 556,911 559,991
* For comparative purposes the metal prices used to
calculate silver equivalent ounces recovered are based upon
the following 2014 budget parameters: silver at $19 (U.S.)
per ounce; zinc at 95 U.S. cents per pound; copper at $2.97
(U.S.) per pound; and lead at 99 U.S. cents per pound.
We seek Safe Harbor.
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