VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/05/13 -- Huldra Silver Inc. (TSX VENTURE: HDA) ("Huldra" or the "Company") is pleased to announce that as of March 26, 2013, it has achieved commercial production based on current production levels. The Company will be providing production accounting and cash flow statements for the second quarter of 2013.
The Company continues to see significant monthly increases in production and shipments of concentrates. In the first lot period of last month, being March 1 to March 15, 92.58 dry metric tonnes of lead/silver concentrate and 131.24 dry metric tonnes of zinc concentrate were shipped to the smelter. In the second lot period, being March 16 to March 31, an estimated 73 dry metric tonnes of lead/silver concentrate and 38 dry metric tonnes of zinc concentrate were shipped to the smelter. The total smelter payments received by the Company in the month of March were US$1,508,588 plus HST, which included provisional payments for the first lot period of March, provisional payments for the second lot period of February, and the second provisional payments for December shipments. All payments are made pursuant to the previously announced concentrate purchase agreements. Provisional payments are based on the best available information at the time of invoicing. Final payments are subject to adjustment based on independent assay results and metal prices.
From March 17 to 21, 2013, production was temporarily halted for a ball mill re-lining and other upgrades to the mill. The result of these modifications will increase total utilization of the mill and the Company expects monthly shipments of concentrates to continue to increase. With the current changes in place, the Company has begun to introduce higher quality mill feed.
Ryan Sharp, President and CEO states, "I am very excited that the goals we set three years ago on being a Silver Producer have been met. I would personally like to congratulate the entire Huldra Silver Team on this milestone achievement."
Huldra Silver is a fully integrated silver mining, exploration and development company. The Company is currently mining at its Treasure Mountain Project, located three hours east of Vancouver, B.C, utilizing an offsite mill for processing mill feed at the Company's property outside of Merritt, B.C. The Company is also actively assessing other opportunities for acquisition and development.
On behalf of the Board of Directors
Ryan Sharp, MBA, President, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Huldra Silver Inc.
President, CEO & Director
firstname.lastname@example.org or IR@huldrasilver.com
Most Popular Stories
- Bundy Ranch Standoff Has Spurred Radical Right
- Repubs to Sue Obama for Delaying Obamacare
- Emmys: 'Orange' Marks Break From Sitcoms
- Thousands of Children Dragged Into U.S. Political Bickering
- Fed Vice Chair Fischer: Care Needed to Avoid Crisis
- Dems Float Long-Shot Effort to Curb Campaign Cash
- Collegefeed Connects Grads and Jobs
- Union Pulls Support of UNCF Over Koch Gift
- Portugal Bank Fears Spark Selloff
- Border Crisis Could Lead to Faster Deportations