Silver Falcon Mining Inc., a developer and explorer of mineral resource properties, today announced that it delivered 136 ounces of bullion dore to its contracted refinery, Republic Metals Corp., and has subsequently received payment on this first delivery.
The delivery confirms and initiates Silver Falcon’s contract with Republic, and will be followed by regular shipments of stockpiled Silver Falcon’s bullion dore.
Regarding the start of a revenue stream from the mill complex, Silver Falcon CEO Pierre Quilliam noted previous developments leading up to the company’s current position.
“After two years of ceaseless efforts by the officers and staff of our entire operation, we are somewhat humbled and elated by the realization that a milestone has been passed in the development of our company,” Quilliam stated in the press release. “Four years ago, the company contracted to develop 172 acres of a promising gold and silver extraction venture and showing revenue already is a grand accomplishment. The start of revenue into our current quarter assures our shareholders that the waiting is over and that they will be able to proudly follow our company’s fiscal and upward progression in the quarterly and year-end reports to be filed with the U.S. SEC.”
Until Silver Falcon’s secure smelting facility is complete, the company is using temporary facilities to smelt its ore concentrates and produce bullion dore bars. To date, the company has processed roughly 9,500 tonnes of tailings to produce 10 tonnes of concentrate containing gold and silver.
Silver Falcon said that once its secure smelting facility is completed, it will update its shareholders on inventory and other particular information via its filings.
For more information visit www.silverfalconmining.com
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