Silver X Mining has resumed mining operations at the Nueva Recuperada project in central Peru, effective immediately.
The resumption follows a brief mining activity pause, during which the company made operational upgrades and implemented new protocols to optimise production.
In July 2023, Silver X Mining placed the Nueva Recuperada project on hold due to an “unexpected drop in grades” in some mineralised areas, driving “metal production down”.
However, during the brief suspension, the company completed operational upgrades at the mine to enhance efficiency and profitability.
Silver X Mining also invested in equipment upgrades, workforce training and safety measures.
Furthermore, the company said it seized the opportunity to identify initiatives for cost reduction in key areas such as mining method, labour, mine haulage and milling efficiency.
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The company expects these initiatives to result in decreased unit costs and improved production rates.
In a press statement, Silver X Mining said: “The new operational upgrades not only enable the mine’s production capabilities but also bolster the resilience of the business model in the face of market fluctuations.”
The Nueva Recuperada property covers a substantial area within the Huachocolpa mining district comprising Ag/Au/Pb/Zn/Cu epithermal veins.
The portfolio of vein systems on the Nueva Recuperada property has been separated by Silver X into two main units for logistical and operational reasons. These are the Tangana mining unit in the north and the Plata Advanced Project in the south.
Silver X CEO José García said: “The restart of Nueva Recuperada confirms our commitment to make Nueva Recuperada a profitable operation based on improved safety standards, efficiency, head grades and costs.”