InvestorsHub Logo
Followers 127
Posts 996
Boards Moderated 0
Alias Born 08/02/2009

Re: i-Glide post# 59

Wednesday, 07/20/2011 7:16:28 PM

Wednesday, July 20, 2011 7:16:28 PM

Post# of 63
Scorpio Mining Q2 silver output nearly doubles.

This has got to be good for the company.
http://www.reuters.com/article/2011/07/13/scorpiomining-idUSL3E7ID2FO20110713

Recovered silver was up 95 percent at 365,692 ounces, while recovered copper rose 17 percent to 438,529 pounds.

In the second quarter, mill throughput rose 86 percent to 128,674 tonnes from the year-ago quarter.

The company said the large increase in production in year-over-year figures is also partly because 2010 second-quarter throughput was affected by a ball mill failure.

Vancouver-based Scorpio said copper production at the end of this quarter lagged forecasts by 25 percent due to the lower grade of the copper ore.

Shares of Scorpio closed at C$1.46 on the Toronto Stock Exchange on Tuesday. (Reporting by Maneesha Tiwari in Bangalore; Editing by Prem Udayabhanu)


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.