GOLD: Yamana produces first gold and silver at Cerro Moro

[caption id="attachment_1003723250" align="aligncenter" width="481"] The ramp up is on schedule at the Cerro Moro gold-silver mine in Argentina. (Image: Yamana Gold)[/caption] ARGENTINA – Toronto-based Yamana Gold made the first gold-silver doré pour at its Cerro Moro mine in the Santa Cruz province on May 15, 2018. The high grade project is being mined by both underground and open pit means. As the company ramps up throughput at the 1,000-t/d mill, it expects to produce 85,000 oz. of gold and 3.8 million oz. of silver, the majority of which will be recovered in the second half of the year. There is also a 42,300-tonne stockpile grading 21.5 g/t gold and 995 g/t silver. Having the stockpile will allow for flexibility  in the mining plan this year. All-in sustaining costs for this year and next will be $650/oz. of gold and $8.85/oz. of silver. (All figures are U.S. dollars.) Yamana has also stepped up its exploration in the Cerro Moro district with the goal of adding 1 million gold equivalent oz. to the mineral inventory in the next several years. This year the  hunt is on to define additional inferred resources. The 2018 program has a budget of $11.2 million, up $2.2 million from the original estimate made in the first quarter. Visit www.Yamana.com  for details as the Cerro Moro exploration goes forward.