In January-June, Silver Bear Resources produced 1.034 million ounces of silver, up by 81% YoY.
The company is developing silver deposits within the Mangaseia project in Yakutia.
SBR started operating there last autumn. In May, the company was able to increase efficiency. In particular, ore processing grew by 21.5%, to 54.9 thousand tons with the average silver content of 676.9 g per ton.
Sales profit increased almost 2-fold, to $17.67 million, with 1.065 million ounces sold. (Ukrainian metal)