Silverstone Provides Q2-2008 Silver Sales
21 Juillet 2008 - 6:21PM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Silverstone") reports sales of
462,000 ounces of silver in the second quarter of 2008. Silverstone
has forecast fiscal 2008 silver sales of 2,155,000 ounces.
Silverstone purchased Q2 - 2008 production at an average cost of
US$3.97 per ounce. The cost of silver is fixed at less than US$4.00
per ounce through 2010.
-----------------------------------------------------------
Fiscal Year
Q2 - 2008 (A) Q1 - 2008 (A) 2008 (F)
-----------------------------------------------------------
Ag (oz) Ag (oz) Ag (oz)
-----------------------------------------------------------
-----------------------------------------------------------
Cozamin 343,000 306,000 1,300,000
-----------------------------------------------------------
Neves-Corvo Copper 119,000 97,000 540,000
-----------------------------------------------------------
Neves-Corvo Zinc 0 0 90,000
-----------------------------------------------------------
Aljustrel Zinc 0 0 225,000
-----------------------------------------------------------
-----------------------------------------------------------
Total 462,000 403,000 2,155,000
-----------------------------------------------------------
Note: Results for the three months ended June 30, 2008 will be
reported in August 2008.
Silver Sales Forecast(1)
-----------------------------------------------------------
2009 (F) 2010 (F)
-----------------------------------------------------------
Ag (oz) Ag (oz)
-----------------------------------------------------------
Cozamin 1,500,000 1,500,000
-----------------------------------------------------------
Neves-Corvo Copper 540,000 540,000
-----------------------------------------------------------
Neves-Corvo Zinc 260,000 260,000
-----------------------------------------------------------
Aljustrel Zinc 875,000 1,200,000
-----------------------------------------------------------
Total 3,175,000 3,500,000
-----------------------------------------------------------
(1) Silver sales forecasts are based on 2007 actual
metallurgical recoveries of silver to concentrates at the
various operations combined with forecast grades and production
and existing smelter contracts for the different concentrates.
Mr. Hugh Willson, P.Geo., Vice-President, Exploration of
Silverstone, who is a "qualified person" under National Instrument
43-101, has reviewed and approved the technical aspects of this
news release.
ABOUT SILVERSTONE
Silverstone is a Canadian based public silver mining company
with 100% of its revenue from silver production. More information
is available online at: www.silverstonecorp.com.
This press release contains "forward-looking information" that
is based on Silverstone's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to
Silverstone's mineral discoveries, plans, outlook and business
strategy. The words "may", "would", "could", "should", "will",
"likely", "expect", "anticipate", "intend", "estimate", "plan",
"forecast", "project" and "believe" or other similar words and
phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause Silverstone's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: projected sales or production rates; uncertainties
related to drilling results; the ability to raise sufficient
capital to fund exploration; changes in economic conditions or
financial markets; changes in prices for costs; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered
in connection with exploration activities; and labor relations
matters.
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. Silverstone disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
The TSX Venture Exchange has neither approved or disapproved of
the contents herein.
Contacts: Silverstone Resources Corp. Chris Tomanik (604)
637-8151 Email: ctomanik@silverstonecorp.com Silverstone Resources
Corp. Mark Patchett (604) 637-8151 (604) 688-2180 (FAX) Email:
mpatchett@silverstonecorp.com Website: www.silverstonecorp.com
Silverstone Resources Com Npv (TSXV:SST)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Silverstone Resources Com Npv (TSXV:SST)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024