Quadra announces record copper and gold production results for the 1Q '07

14 April 2007 | 06:54 Code : 13316 Geoscience events
Key operating metrics are shown below:
Paul Blythe, President of Quadra said, "We continued to maintain our production momentum at Robinson through the quarter. I am very proud of the accomplishments of the team at the mine and the improving production trends for copper and gold over the past twelve months. Over this period, quarterly copper production has steadily improved by about 30% and quarterly gold production has dramatically improved by approximately 150%. We have been able to reap the benefits of continuing high mill throughput and improved recoveries. Robinson, as a skarn deposit, is difficult and results are likely to be erratic in any month or quarter. Nevertheless, clearly we are making good progress in getting in front of these complexities."Mr. Blythe continues, "I would single out gold for a couple of specific comments. Gold production in the first quarter has already exceeded half of our annual gold production guidance. This is a result of higher head grades than estimated in the block model and higher than historical recoveries. As we gain confidence on sustainability, we will revisit our expectations."The financial details from this quarter are due to be released on April 23, 2007.Quadra is a British Columbia corporation based in Vancouver and is a copper producing company whose principal asset is the Robinson Mine in Nevada. The Company has a goal of becoming a mid-tier base metals development and operating company with interests in a number of advanced exploration, development and producing properties.
Copper produced (mln lbs) 27.8    33.3     35.3     36.6
Gold Produced (oz)       12,532 20,425   27,646   31,040
Waste mined(tons 000's) 16,605 14,425   13,964   16,249
Ore mined(tons 000's)     3,274   4,175    4,121    3,068
Ore milled(tons 000's)    3,422   3,426    3,919    3,302
Copper grade(%)            0.52    0.69     0.67     0.67
Gold grade(g/t)            0.24    0.32     0.41     0.46
Copper Recovery(%)         70.3    63.4     61.0     75.0
Gold Recovery(%)           47.5    57.9     53.7     63.1
In the first quarter 2007,

tags: QAZVIN

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