July 20, 2011 / 12:43 PM / 7 years ago

UPDATE 1-Minera Andes says Q2 gold, silver output down sequentially

(Follows alerts)

July 20 (Reuters) - Argentina-focused Minera Andes Inc said total gold and silver production at its partly-owned San Jose mine fell sequentially in the second quarter, as operations were hampered by a strike at the mine.

Gold produced was down 17 percent at 17,700 ounces and silver output fell 12 percent to 1.33 million ounces compared to the first quarter, as mill throughput declined due to a workers’ strike in April.

The Canadian miner restarted production at the mine in May, as the striking workers had to go back to work after the government ordered compulsory conciliation.

Minera Andes has a 49 percent interest in Minera Santa Cruz, owner of the San Jose Mine near the Cerro Negro project owned by Goldcorp .

Shares of the company closed at C$2.51 on Tuesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Roshni Menon)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below