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Americas Silver to miss Q2 output forecast for Galena on repairs, system issues

Americas Silver Corp.'s Galena Complex in Idaho will fail to meet its production target for the June quarter after mining was interrupted twice in the past few months, it said June 14.

The latest interruption occurred June 11 following a mechanical failure in the brake mechanism of a hoist.

Repairs are ongoing and the company expects to have the hoist back in operation by the end of the month. Mining will be suspended during this period, with an associated loss of output.

Normal operations will resume immediately after repairs are completed with no long-term issues expected.

In April, milling operations at Galena were suspended for 10 days for certain maintenance repairs at a shaft. This repair program had been ongoing for the past three years, with production activities slowed every weekend to accommodate the repairs.

The company decided to complete all remaining work in a short continuous period to more efficiently conclude the repairs. Mining operations remained uninterrupted during this time.

Americas Silver completed the work successfully, however, April production at the Galena project was affected. The company expects to make up the shortfall over the course of the year, while May production was within the forecast.