MINSUR S.A. Announces Consolidated Production and Earnings Results for the First Quarter of 2017; Provides Production Guidance for 2017
For the quarter, the company produced Tin of 5,002 tons, a decrease of 5% compared to first quarter of 2016, in line with annual production guidance of 23,000 - 25,000 tons of refined tin. Gold produced was 29,009 ounces, a decrease of 13% compared to first quarter of 2016, in line with the company's plan to reach annual production guidance of 90,000 - 100,000 ounces. Ferro Niobium and Ferro Tantalum alloys were 541 tons, 31% higher than first quarter of 2016.
The company maintains production guidance of 3,000 - 3,500 tons of alloys for 2017. The company plans to reach annual production guidance for gold of 90,000 - 100,000 ounces.