Q2 attributable silver equiv. production totaled 8.4M oz. (6.3M oz. of silver, 31.4K oz. of gold), down 4% from the year-ago quarter.
Payable silver equiv. oz. produced but not yet delivered to SLW by its partners fell slightly to ~6.3M oz. at June 30.
Average realized sale price per silver equiv. oz. sold in Q2 was $19.83 ($19.81/oz. of silver, $1,295/oz.of gold), down 14% Y/Y.
Operating cash flows of $102.5M fell 18% Y/Y; operating margin was $15.11/ silver equiv. oz. from $18.28 in Q2 2013.
Q2 average cash costs were $4.15 and $393 per oz. of silver and gold, respectively; on a silver equivalent basis, average cash costs fell to $4.72 vs. $4.77 in the year-ago quarter.