Silvercrest Mines Inc (TSXV:SVL, NYSE:SVLC, AMEX:SVLC) beat market guidance for 2012 production.
As quoted in the press release:
2012 Operating Highlights for Santa Elena
- Produced 579,609 ounces of silver in 2012, exceeding market guidance by 33% of original estimation of 435,000 ounces of silver.
- Produced 33,004 ounces of gold in 2012, just below market guidance of 33,500 ounces.
- Produced 2.37 million ounces of silver equivalent using a Ag:Au average ratio of 54.3:1.
Silvercrest’s President J. Scott Drever, said:
2012 was a very successful year for SilverCrest that marked our first full year in commercial production. Management congratulates our operating team for delivering on its commitments and meeting or exceeding our production targets. Santa Elena exceeded silver initial production guidance by 33% and produced 2.37 million silver equivalent ounces in 2012.