Commodities Buzz: Yamana Starts Gold And Silver Production At Cerro Moro Mine In Argentina

Canadas Yamana Gold Inc. said it poured Tuesday first gold and silver dorn++ at its Cerro Moro mine, located in Argentinas Santa Cruz province. The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track, with commercial production expected in the second quarter of the year.

Once at full tilt the mine is expected to yield 85,000 ounces of gold and 3.75 million ounces of silver this year.For 2019, Cerro Moros production should rise to 125,000 gold ounces and 6 million silver ounces. The additional output should help Yamanas plans to ramp up gold production by 20% and its silver production by a whopping 200% next year. Cerro Moro is a high-grade, low-cost gold and silver operation sourcing ore from a combination of underground and open-pit mining.