Scorpio Mining Corporation

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Scorpio Mining Corporation

Introduction

Scorpio Mining Corporation is a silver producer operating in Mexico with significant base metal by-product credits. The 100% owned Nuestra Senora Mine and plant located in the Cosalá district of Sinaloa State, Mexico, has proven to be a low-cost operation with the benefit of flexible mining methods and diversified metal production.

Discussion

The Company reported Revenue from metal payable increased 67% to $70.3 million in 2011 compared to $42.2 million in 2010 as a result of record production and increased metal prices; Cash cost per silver payable ounce, net of by-product credits, was $1.14 in ...