Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(
Jim Williams, Chief Executive Officer of Arian Silver, commented: “Arian Silver is making excellent progress in finalising the refurbishment programme of its wholly-owned custom processing plant, keeping the Company on track for the reassembly of the Plant, and it’s commissioning during the final quarter of this year. Refinancing activities are also advancing positively, and I look forward to updating shareholders further, in due course.”
El Bote Processing Plant
In August 2013, Arian Silver purchased a custom processing plant, located just 60km from the Company’s mine site. The acquisition of this Plant is expected to enable Arian Silver to increase production in a modular manner up to a maximum capacity of 1,500 tpd. This, together with increased mine production and the elimination of Arian Silver’s reliance upon third-party toll millers, is expected to provide significantly increased operational control and efficiency, which should therefore translate into significantly reduced operational costs.
The refurbishment of the Plant is now approximately 95% complete and on track to be commissioned by end 2014. Refurbished parts of the plant have begun to be transported to site adjacent to the San Jose mine.
The land set aside for the Plant has been prepared and is now ready for the first concrete to be poured for the foundations.