Altaley Mining Reports Campo Morado Q3 2021 Production
Altaley Mining Corporation
1000 – 1111 Melville Street
Vancouver, BC, V6E 3V6,
Canada
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Altaley Mining Reports Campo Morado Q3 2021
Production
Vancouver, British Columbia, October 26, 2021
Altaley Mining Corporation (“Altaley” or the “Company” (TSX-V: ATLY; OTCQX: ATLYF; Frankfurt: TSGA) is
pleased to provide shareholders the preliminary production results for the quarter ended September
30, 2021 (“Q3 2021”) of its Campo Morado Mine located in Guerrero state, Mexico. Currencies referenced
in this press release are expressed in Canadian dollars, unless otherwise stated.
“I am pleased to report Altaley’s Q3 2021 Campo Morado production results.” states Ralph Shearing,
CEO & President, “Campo Morado operations are reporting another excellent quarter with estimated
revenue of $17.4 million for the third quarter of 2021. Although head grades of mineralization during Q3
2021 were slightly lower and to improve productivity a planned shut down for the SAG mill liner change
out and planned mill maintenance interrupted production over several days, revenues achieved were
only 6% lower when compared to Q2 2021.
Q3 2021 Production
Month Ended Quarter Ended
Production and Sales Jul-21 Aug-21 Sep-21 Q2 2021 Q3 2021 Variation
Production
Ore milled (kt) 58.5 61.6 48.4 163.7 168.4 3%
Zinc concentrate (kt) 3.5 3.5 3.8 11.8 10.7 -9%
Lead concentrate (kt) 0.7 0.9 1.1 2.7 2.7 0%
Average Head Grades
Gold (gr/t) 1.2 0.9 1 1.2 1 -12%
Silver (gr/t) 137.3 117.5 145.6 129.0 132.4 3%
Lead (%) 1.0% 1.1% 1.2% 1.1% 1.1% -3%
Zinc (%) 4.1% 4.0% 5.2% 4.5% 4.4% -3%
Average Recoveries
Gold (%) 23% 19% 26% 22% 23% 3%
Silver (%) 46% 40% 51% 46% 46% 0%
Lead (%) 27% 30% 30% 31% 29% -7%
Zinc (%) 68% 63% 68% 74% 66% -10%
Altaley Mining Corporation
1000 – 1111 Melville Street
Vancouver, BC, V6E 3V6,
Canada
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Average Realized Prices
Gold (troy oz) 1,781 1,778 1,785 1,795 1,781 -1%
Silver (troy oz) 25 27 25 27 26 -4%
Lead (t) 2,137 2,100 2,165 2,002 2,132 6%
Zinc (t) 2,800 2,919 3,008 2,758 2,903 5%
Net Revenues (In thousands of dollars)
Zinc concentrate 5,164 4,227 5,370 15,798 14,761 -7%
Lead concentrate 1,139 637 882 2,682 2,658 -1%
Total Net Revenues 6,303 4,864 6,252 18,480 17,419 -6%
About Altaley Mining Corporation
Altaley Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold,
silver, and base metal mining projects.
Altaley's Tahuehueto mining project is in north-western Durango State, Mexico where construction has
been advanced to an estimated 80% of completion on its 1,000 tonne per day processing facility and
related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at
Tahuehueto. The Company is targeting initial pre-production by end of 2021 and ramping up to full
production capacity during Q1 2022.
Campo Morado is an operating polymetallic base metal mine with mining and milling equipment
currently producing at an average of 2,100 tonnes per day and is currently estimated to be Mexico’s 6th
largest zinc producer.
Visit: www.altaleymining.com
On Behalf of the Board of Directors
(signed) “Ralph Shearing”
Ralph Shearing, P. Geol, President and Director
CAUTIONARY NOTE REGARDING PRODUCTION DECISIONS AND FORWARD-LOOKING STATEMENTS
It should be noted that Altaley declared commercial production at Campo Morado prior to completing a feasibility
study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be
cautioned that Altaley’s production decision has been made without a comprehensive feasibility study of
established reserves such that there is greater risk and uncertainty as to future economic results from the Campo
Morado mine and a higher technical risk of failure than would be the case if a feasibility study was completed and
relied upon to make a production decision. Altaley has completed a preliminary economic assessment (“PEA”)
mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic
analysis based on the previously identified mineral resources (see News Release dated November 8, 2017 and April
4, 2018).
Statements contained in this news release that are not historical facts are “forward-looking information” or
“forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable
Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the
Altaley Mining Corporation
1000 – 1111 Melville Street
Vancouver, BC, V6E 3V6,
Canada
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planned recommencement of mining operations at Campo Morado; and other possible events, conditions or
financial performance that are based on assumptions about future economic conditions and courses of action; the
timing and costs of future activities on the Company’s properties, such as production rates and increases; success
of exploration, development and bulk sample processing activities, and timing for processing at its own mineral
processing facility on the Tahuehueto project site. In certain cases, Forward-Looking Information can be identified
using words and phrases such as “plans,” “expects,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or
variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the
Company has applied several material assumptions, including, but not limited to, that the current exploration,
development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto
Project can be achieved: the continuity of the price of gold and other metals, economic and political conditions,
and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance, or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the Forward-Looking Information. There
can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any
obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect
events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information about Altaley Mining Corporation, please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071