Vancouver, British Columbia--(Newsfile Corp. - January 25, 2022) - Altaley Mining Corporation (TSXV: ATLY) (OTCQX: ATLYF) (FSE: TSGA) ("Altaley" or the "Company" is pleased to provide shareholders the preliminary production results and cost estimates for the quarter ended December 31, 2021 ("Q4 2021") from its Campo Morado Mine located in Guerrero state, Mexico. Currencies referenced in this press release are expressed in Canadian dollars, unless otherwise stated.
"I am pleased to report Q4 2021 preliminary production, C1 Cash Costs and AISC from Altaley's Campo Morado Mine," states Ralph Shearing, CEO & President. "Campo Morado operations are reporting another excellent quarter with estimated net revenue for Q4 2021 of $19.9 million. Although head grades of mineralization during Q4 2021 were marginally lower, our zinc concentrate production increased by 14% and zinc recoveries were up by 8% resulting in Q4 net revenues increasing by 15% when compared to Q3 2021. Costs this quarter have increased largely because of concentrate treatment and refining charges that have more than doubled when compared to Q3 however, approximate yearly average costs for year ending 2021 are estimated at C1 Cash Costs US$0.64/lb Zn and AISC at US$0.87/lb Zn, net of by-product metals."
Q4 2021 Production
Month Ended Quarter Ended
Production and Sales Oct Nov Dec
Q3 2021 Q4 2021 Variation
2021 2021 2021
Production
Ore milled (kt) 59.9 60.5 62.6 168.4 183.1 9%
Zinc Concentrate (kt) 4.4 4.1 3.8 10.7 12.2 14%
Lead Concentrate (kt) 1.0 0.8 1.0 2.7 2.7 0%
Average Head Grades
Gold (gr/t) 1.0 1.1 1.0 1.0 1.0 0%
Silver (gr/t) 127.6 117.5 110.2 132.4 118.3 -11%
Lead (%) 1.2% 1.0% 1.0% 1.1% 1.1% 0%
Zinc (%) 4.8% 4.4% 3.8% 4.4% 4.3% -1%
Average Recoveries
Gold (%) 24% 19% 20% 23% 21% -7%
Silver (%) 47% 49% 44% 46% 47% 2%
Lead (%) 34% 27% 29% 29% 30% 3%
Zinc (%) 71% 71% 72% 66% 71% 8%
Average Realized Prices (Amounts in US Dollars)
Gold (troy oz) 1,785 1,790 1,756 1,781 1,776 0%
Silver (troy oz) 24 23 22 26 23 -10%
Lead (t) 2,350 2,350 2,355
2,132 2,354 10%
Zinc (t) 2,900 2,975 3,040
2,903 2,973 2%
Net Revenues (Amounts in ,000 of CAD$)
Zinc Concentrate 5,945 5,393 4,809 14,761 17,073 16%
Lead Concentrate 1,006 1,162 661 2,658 2,909 9%
Total Net Revenues 6,951 6,555 5,470 17,419 19,982 15%
Production Costs (US$) net of by-products Q3 2021 Q4 2021 YTD 2021
C1 Cash Cost /lb Zn $0.45 $0.88 $0.64
All In Sustaining Costs AISC/lb Zn $0.70 $1.06 $0.87
Q4 and YTD 2021 net revenues, C1 Cash Costs and AISC presented in this press release are preliminary and based on initial assays at the time of concentrate deliveries. Preliminary results presented above are not expected to be materially different from final results. The Company will disclose final Q4 net revenue, operating profit, C1 Cash Costs and AISC. upon receipt and agreement of final assay results, either before or, at the time of filing 2021- year-end audited financial statements.
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https://www.altaleymining.com/media/altaley-mining-reports-c-19-9-million-net-revenue-on-a-preliminary-basis-for-q4-2021-at-campo-morado
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