Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Arian Silver Corp reports milling has resumed in Zacatecas State

Tue, 19th Feb 2013 07:41

Toll milling has resumed at Arian Silver Corporation's project in the Zacatecas silver belt in Mexico.The AIM-listed silver exploration and development company faced a setback in July when its toll milling operations had to be suspended due to a dispute with the owners of the Contracuna Mill.The company has now commenced processing at a different mill owned and operated by Beneficiadora de Jales y Minerales Juan Reyes SA de CV (Juan Reyes).The Juan Reyes mill is located 50km from Arian's San Jose mine.Since the dispute was resolved and milling resumed Ariana reported that it had submitted a claim for damages which had been met by a counter-claim by Contracuna.Jim Williams, Chief Executive Officer of Arian silver Corp, commented: "The commencement of processing at the Juan Reyes toll mill once again puts Arian back into the ranks of silver producers after frustrating delays since mid 2012. "However, as we have previously stated, this new toll mill arrangement, while providing useful cash flow, should be regarded as only a stepping-stone towards acquiring our own processing plant. "We have now identified such a plant and are currently in discussions regarding its acquisition, which if successful will eventually allow greater daily ore throughput from the San Jose mine with increased efficiencies all round."MF

Related Shares

More News
26 Sep 2018 13:09

Arian Silver Loss Widens On Expenses, Plans Alien Metals Name Change

LONDON (Alliance News) - Mining company Arian Silver Corp on Wednesday said its loss widened in the first half of the year on administrative expenses ...

20 Sep 2018 14:22

Arian Silver Secures Approval To Changes Name To Alien Metals

LONDON (Alliance News) - Arian Silver Corp said Thursday that its shareholders voted in favour of the company's name change to Alien Metals Ltd.At the...

10 May 2018 13:42

UPDATE: Arian Silver Shuffles Board, Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Thursday it has new raised funds through a private placing on Tuesday and also announced major changes...

10 May 2018 12:48

Arian Silver Shuffles Board As It Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Wednesday it has raised funds through a private placing on Tuesday while also announced major changes ...

9 Jan 2017 08:12

Arian Silver upbeat after high-grade results at San Celso

(ShareCast News) - Arian Silver Corporation announced high-grade silver results from the recently completed surface sampling and geological mapping of...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.