Silver output rises in Q4 but misses expectations
- Americas Gold & Silver’s FY23 silver production falls short of forecast
- Fourth-quarter silver output rose 53%
- Consolidated attributable silver production totaled about 2.04 million ounces in 2023
- Zinc production fell 13% and lead output fell 17% in 2023
- Expectations for significant growth in silver production in 2024
Americas Gold & Silver’s full-year silver production for FY23 was below the company’s expectations, despite a 53% increase in fourth-quarter output. Consolidated attributable silver production totaled approximately 2.04 million ounces in 2023, falling short of the company’s forecast range of 2.2 million to 2.6 million ounces. In the fourth quarter, silver production rose to about 580,000 ounces, benefiting from higher-grade silver areas in the San Rafael mine and stockpiled production from the Zone 120 deposit. However, zinc production fell 13% to 34.1 million pounds, and lead output fell 17% to 20.5 million pounds in 2023. Looking ahead, Americas Gold & Silver expects significant growth in silver production in 2024 and is confident in the results of its Galena Complex exploration program.
Public Companies: Americas Gold & Silver (N/A)
Private Companies:
Key People: Adriano Marchese (Author), Darren Blasutti (President and CEO)
Factuality Level: 8
Justification: The article provides specific data and quotes from the company’s statements, which adds credibility to the information. However, it lacks additional context or analysis to fully evaluate the accuracy of the claims made.
Noise Level: 7
Justification: The article provides information on Americas Gold & Silver’s silver production, including the company’s expectations and actual output. It also mentions the reasons for the increase in production in the fourth quarter. However, the article lacks context and analysis on the significance of the production numbers and their impact on the company’s overall performance. It also does not provide any evidence or data to support the CEO’s statement about the expected growth in silver production in 2024.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about Americas Gold & Silver’s silver production, which may impact the company’s financial performance and potentially affect the silver market.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article focuses on the silver production of Americas Gold & Silver and does not mention any extreme events or their impacts.
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