Arian Silver Corp reports milling has resumed in Zacatecas State

Toll milling has resumed at Arian Silver Corporation's project in the Zacatecas silver belt in Mexico.

Toll milling has resumed at Arian Silver Corporation's project in the Zacatecas silver belt in Mexico.

The AIM-listed silver exploration and development company faced a setback in July when its toll milling operations had to be suspended due to a dispute with the owners of the Contracuna Mill.

The Contracuna Mill is located 50km from its San Jose mine in Zacatecas State in Mexico and is privately owned and operated by Beneficiadora de Jales y Minerales Juan Reyes SA de CV.

Since the dispute was resolved and milling resumed Ariana reported that it had submitted a claim for damages which had been met by a counter-claim by Contracuna.

Jim Williams, Chief Executive Officer of Arian silver Corp, commented: "The commencement of processing at the Juan Reyes toll mill once again puts Arian back into the ranks of silver producers after frustrating delays since mid 2012.

"However, as we have previously stated, this new toll mill arrangement, while providing useful cash flow, should be regarded as only a stepping-stone towards acquiring our own processing plant.

"We have now identified such a plant and are currently in discussions regarding its acquisition, which if successful will eventually allow greater daily ore throughput from the San Jose mine with increased efficiencies all round."

MF

Recommended

Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021
Trading: stash the family cash in this cheap wealth management firm
Trading

Trading: stash the family cash in this cheap wealth management firm

Wealth management is a growth market. Rathbone Brothers should be a prime beneficiary – and looks cheap. Matthew Partridge explains the best way to pl…
12 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021
The after effects of the gas-price shock
Economy

The after effects of the gas-price shock

In the wake of the recent spike in the natural gas price, we can expect slower growth, an industrial recession – and a newly assertive Russia, says Ma…
17 Oct 2021