Breaking News
Iberian Minerals Declares Commercial Production at Aguas Tenidas
08:57 EDT Monday, October 26, 2009
TORONTO, ONTARIO--(Marketwire - Oct. 26, 2009) - Iberian Minerals Corp. (TSX VENTURE:IZN) announced today that it has declared commercial production at the Aguas Tenidas Mine in Spain. As such, for accounting purposes, effective October 1, 2009, all revenue and expenses will be accounted for as part of the income statement of the Corporation.
Daniel Vanin, President, commented:
"This is truly an important day and event for our Company.
Aguas Tenidas is producing saleable copper, zinc and bulk copper/lead concentrates, and the plant is performing well at this time. Both circuits are fully functional. As such, we are declaring commercial production for the Mine. I would like to thank all of our employees for helping the Company achieve this important milestone as well as all our shareholders for their continuing support.
We expect that the modular installation previously announced will further enhance the plant's capability, and allow copper/lead separation of bulk concentrates to begin in Q1 of 2010. Following this enhancement, the plant will produce four concentrates from our two circuits, with the copper concentrate from the copper and polymetallic circuits being mixed prior to shipment to port."
About Iberian Minerals Corp.
Iberian Minerals Corp. is a Canadian listed global base metals company with interests in Spain and Peru. The Condestable Mine, located in Peru approximately 90 km south of Lima, operates at 2.2 million tonnes per year producing copper, and associated silver and gold in a concentrate. The Aguas Tenidas Mine in the Andalucia region of Spain approximately 110 km north-west of Seville operates a 1.7 million tonnes per year underground mine and concentrator that produces copper, zinc and bulk copper/lead concentrates that also contain gold and silver
