July 13, 2011 / 1:09 PM / in 6 years

UPDATE 1-Scorpio Mining Q2 silver output nearly doubles

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July 13 (Reuters) - Canada’s Scorpio Mining Corp said the amount of silver recovered for the second-quarter nearly doubled on higher production from its flagship Nuestra Senora mine in Mexico.

Recovered silver was up 95 percent at 365,692 ounces, while recovered copper rose 17 percent to 438,529 pounds.

In the second quarter, mill throughput rose 86 percent to 128,674 tonnes from the year-ago quarter.

The company said the large increase in production in year-over-year figures is also partly because 2010 second-quarter throughput was affected by a ball mill failure.

Vancouver-based Scorpio said copper production at the end of this quarter lagged forecasts by 25 percent due to the lower grade of the copper ore.

Shares of Scorpio closed at C$1.46 on the Toronto Stock Exchange on Tuesday. (Reporting by Maneesha Tiwari in Bangalore; Editing by Prem Udayabhanu)

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