Golden Arrow Resources Corporation (CVE:GRG) (OTCQB:GARWF) said commercial production has been declared at its silver, zinc and lead mine in Argentina.
The Chinchillas operation, which is in the country’s Jujuy Province, was developed in collaboration with SSR Mining.
The is being processed at SSR’s Pirquitas plant at a rate of 3,000 tonnes per day, rising to 4,000 tonnes throughout December.
Completion of certain infrastructure projects at Chinchillas and Pirquitas is scheduled for the first quarter of next year.
Golden Arrow’s chairman and chief executive Joseph Grosso said: "From our earliest successful exploration program at Chinchillas in 2012 we were convinced that this deposit had the potential to reach commercial production.
"We thank our partners for their successful execution of this latest stage of the project and look forward to a long and robust mine life to provide value to our shareholders as we continue on our growth path."
Chinchillas, in which it holds a 25% stake, is the most advanced of Golden Arrow’s projects, which range from the early-stage to the economic studies phase. The mine has a forecast eight-year life.
The Vancouver-based explorer has a history of success in identifying, acquiring and advancing precious and base metal discoveries.
Shares dipped 3.8% to C$0.26 in Canada, while US-listed shares dipped 5.2% to US$0.19 on the OTC Markets.