Plata America today announced that it has successfully completed Phase 2 of its copper cathode exploration at its San Luis Potosi mine in Central Mexico.
Online PR News – 31-July-2020 – BENITO JUAREZ/MEXICO CITY – Plata America’s second phase took 7-months to complete and qualified cathode copper production has yielded around 9,000 tonnes. Plata America are also preparing cobalt production at a site on the outskirts of its San Luis Potosi mine.
Plata America’s Chief Operating Officer, Mr. Ramon Fernandez commented on the copper cathode production saying “Plata America is pleased to announce the completion of the second phase of copper cathode production at our San Luis Potosi project site. We will continue to optimize the construction and organization of the production processes.”
“We are extremely pleased with this and hope to continue mining a second batch of seamless copper cathode production, establishing a new chapter for the construction and operation of Plata America mining projects. We are also pleased with the production at the San Luis Potosi copper mine for its contribution in local employment and economics, and we hope that it will continue to support the development of the company and the region,” added Ramon Fernandez, Chief Operating Officer of Plata America.
About Us - Plata America
Plata America is a mining company focused on the exploration, development and production of silver in Mexico’s famous silver belt, the richest silver region known in the world.
The focus of Plata America’s operations is the La Navarra project site in Zacatecas State, Mexico, an 11,000-hectare project site. This concession has undergone detailed and systematic exploration which has revealed rich deposits of silver, as well as gold, lead and zinc. An aggressive exploration and development program is underway by Plata America at La Navarra, including the construction of access ramps, underground workings and the carrying out of geophysical investigations.
Plata America’s goals are to create shareholder value through the expansion of silver and other metal resources in our mining projects and increasing efficiency; and to develop our projects through to production by our own internal development, through acquisitions and joint venture opportunities.
Plata America’s management team strongly believes that over the coming years a dramatic bull market will persist in precious metals. For this reason, a focus is on the development of and production at La Navarra.
However, Plata America’s management team continues to investigate additional attractive silver concessions, both as solo projects and in partnerships, as the management is determined to expand Plata America’s assets base. With a senior management team consisting of vastly experienced and proven executives in mining companies, shareholders are well positioned to capitalize on Plata America’s aim of growing into a world class mining operator.