Highlights
- Silvermet achieved cash flow positive operations in Q3, 2010.
- Silvermet signed a 51%/49% joint venture with Befesa Medio Ambiente, S.A. (“Befesa”) of Spain, and formed Befesa Silvermet Turkey S.L. (“BST”).
- Production increased 110% to 11,548 DMT (Dry Metric Tonnes zinc concentrate containing 68% zinc) from 5,484 DMT in 2009.
- Sales volumes increased 222% to 12,581 DMT from 3,903 DMT in 2009.
- Revenues increased 251% to $15.9 million (at 100%) in 2010 from $4.5 million in 2009 due to increased shipments of zinc concentrates and higher zinc prices
