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Monday, 19th January 2009 (1335 views)

Minera Andes has reported that it has increased its production forecast at its San Jose mine in southern Argentina.

The Canadian company predicts that the property will yield approximately 95,000 ounces of gold during 2009.

Operated by Minera Santa Cruz and 51 per cent owned by Hochschild Mining and 49 per cent by Minera Andes, around half of the concentrate produced by the mill is converted at the San Jose mine to dore bullion.

Production volume from the originally design rate of 750 metric tonnes per day at the San Jose plant has doubled following completion of an expansion project.

Minera Andes predicted that a rise in production volume and connection to the national power grid, scheduled during the first quarter of the year, should significantly cut its unit operating costs in 2009.

Operating in Argentina, Minera Andes is a minerals exploration firm with around 304,000 acres of mineral exploration land in the country.

 

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