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Message Boards Settings Silver Wheaton Corp. (SLW) - Quote Info
Penasquito-Goldcorp details.      8-Nov-09 09:03 am    
I'm lazy, but if I wasn't I might go look at the silver oz/per weight unit of ore estimates provided by goldcorp previously, and do a back of the envelope calculation against the 500,000 tonnes per day they are currently processing, to calculate against the 25% going to SLW, but like I said, I'm lazy.
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Peñasquito Update

Since achieving mechanical completion during thethird quarter, full commissioning of the first sulphide process line(Line 1) has steadily advanced at Peñasquito. On November 2nd,the Company began dispatching the first lead and zinc concentrates fromthe mine site. The initial lead concentrate shipments are being soldto Industrias Peñoles’ Met-Mex subsidiary in Torreon, Mexico, whileinitial zinc concentrates are being trucked to the port of Manzanilloin preparation for shipment to Korea Zinc Co. Ltd. Preliminary metalsgrades, recoveries and concentrate quality have met or exceededexpectations.

Construction of the second sulphide process line(Line 2) is well underway and progressing toward planned start-up inthe third quarter of 2010. Completion of construction of the highpressure grinding rolls circuit is expected in the fourth quarter of2010, allowing for a ramp-up to the mill’s full 130,000 tonnes per daycapacity in early 2011. For the latest photographs from the site,please visit www.goldcorp.com and click on Operations/Peñasquito.

Mining activities continue to provide sulphide orefor the start-up of the Line 1 plant with rates in excess of 500,000tonnes per day. Initial pre-stripping has uncovered more sulphide orethan was modeled, and the resulting ore stockpile has added asignificant degree of ore feed flexibility. At September 30, 2009, 6.2million tonnes of ore were stockpiled and an additional 2 milliontonnes were exposed in the pit and available for mining.

“The rate of progress we continue to make atPeñasquito remains consistent with our ramp-up schedule,” addedJeannes. “The team there continues to exceed our expectations as thetransition from project to world-class mine remains well on track.This ongoing success supports our expectation that Peñasquito willcontribute to our five-year 50% growth profile just as we anticipated.Upon completion of the updated Peñasquito mine plan, the data will beintegrated into our 2010 corporate budget and specific full-yearexpectations disclosed in January 2010.”
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Penasquito-Goldcorp details.
chemaes44 (2 Ratings) 8-Nov-09 09:03 am  
 
Sorry, you need one more piece of information, 50,...
chemaes44 Rate it 8-Nov-09 09:09 am  
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Silver Wheaton Corp. (SLW)

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