Preliminary 2017 gold production totaled 977K oz. vs. 960K oz. October guidance, and full-year silver output of slightly more than 5M oz. vs. 5M oz. guidance; for Q4, gold production was 259K oz. and silver output was 1.17M oz.
AUY says 2017 production provides a significant production platform which it expects to enhance in 2018 through further operational improvements and with the startup of the high-grade Cerro Moro gold-silver mine.
AUY also says it will receive $125M as part of a new copper advanced sales program in exchange for 40.3M lbs. of copper to be delivered in H2 2018 and H1 2019, representing about a third of planned production during the period.
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