No one has mentioned it so I will. In NYBob's first hyperlink of the US-Silver presentation that has recently been posted on their website. Has anyone else noticed that management has increased it forcasts for 2013?
The prior forcast was 2.6-2.8 Million ounces of silver and now has been increased to 2.7-3.0 million ounces of silver in 2013 and all at the reduced cost of $17-$19 per ounce.
In addition it expects to produce 14-18k of Gold.
It appears to me that the first quarter numbers are shaping up quite nicely.
Production Update - During the fourth quarter of 2012, the Drumlummon mine produced 3,469 ounces of gold and 35,733 ounces of silver.
Total production for the year was 20,070 ounces of gold and 316,194 ounces of silver.
Mining was continued on the Charlie and Drumlummon Veins.
It is anticipated that in 2013, mining will be initiated on the Christmas, North Star and Frankie Veins and continue on the Charlie and Drumlummon Veins.
This year’s production at Drumlummon is conservative projected to reach up to 18,000 ounces of gold.
Under his leadership this year, U.S. Silver & Gold expects to further increase production and reduce mining costs.
The company is projecting producing between 2.7 and 3.0 million ounces of silver and up to 18,000 ounces of gold.
Cash costs for silver are forecast to drop about 10%-15% to between $17 and $19 an ounce.
“Our goal is to increase production, reduce costs and raise the profitability of the ounces we mine.
We expect to do better each quarter,” says Blasutti.
“U.S. Silver & Gold’s internal dynamics are very impressive and will drive our production growth.”
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