at todays conference call they indicated that guidance was still production of 7 million oz of silver for 2010. the tin circuit is shut down until the grade improves, expected in the third quarter, so 2010 tin production will now be only 800,000 lbs. without those tin credits, cash costs are expected to be $10/oz, and all-in costs (including royalties, taxes) $14/oz. i had expected better, but right now i'd be happy if they just deliver on their current guidance. as production increases, unit costs should decrease, and production of zinc should help.

at san luis they expect the environmental work will take nine months, and then could begin work in the first half of 2011. capital costs at san luis are forecast at $90 million, and they don't expect to issue any more equity to fund the construction of san luis. at pitarrilla the feasibility study should be done by the end of the year. they will be continuing to drill berenguela, san agustin, and challacollo, and said any one of those projects could turn out to be a company maker.

they wouldnt say much about finding a new ceo, only that an international search was underway, and they had interviewed some candidates.