The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).
The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.
The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.
Klondike Strike, the world’s first equity crowdfunding portal dedicated to mining announced today, the appointment of Chad Williams, P. Eng as Chief Executive Officer, responsible for leading Klondike Strike’s global business initiatives.
Industrial lighting specialist Larson Electronics has announced the release of a 150 watt LED pedestal mount work light with an inline transformer. This magnetic mount work light produces 14,790 lumens of light capable of illuminating an area 18,000 square feet in size.