Silvermet Inc. (“Silvermet” or the “Company”) (TSXV: SYI) is pleased to announce significantly improved results for 2010 and a continuation of the third quarter improvements into the fourth quarter:
- Production more than doubled to 11,605 DMT (dry metric tonnes zinc concentrate
containing 68% zinc on average) in 2010 from 5,484 DMT in 2009.
- Q4 production improved to 3,709 DMT from 3,615 DMT in Q3, despite a 10 day
planned shutdown in October for maintenance.
- Sales volumes tripled to 12,580 DMT in 2010 from 3,903 DMT in 2009.
- Revenues more than tripled to $16.0 million in 2010 from $4.5 million in 2009 as a result of the combination of improved shipments and improved zinc prices.