MNEAF
TORONTO, ONTARIO--(Marketwire - 10/08/09) - Minera Andes Inc. (the "Corporation" or "Minera Andes") (TSX:MAI - News)(OTC.BB:MNEAF - News) is pleased to announce the San Jose mine production results for the third quarter of 2009. During the third quarter, the San Jose mine produced 1,402,000 ounces of silver and 22,470 ounces of gold, of which 49% is attributable to Minera Andes.
Compared to the second quarter of 2009, the 2009 third quarter silver production was 11% higher and gold production was 24% higher. The increase in silver and gold production was the result of a higher mill feed tonnage and head grades for both silver and gold and higher processing recovery rates. Mill throughput in the third quarter of 2009 was 3% higher than the level of the previous quarter. Compared to the third quarter of 2008, the third quarter 2009 silver production increased 42% and gold increased 82% due to the increased production rate associated with the expansion program completed in the fourth quarter of 2008.
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