Sunshine Mine targets 2014 for ore production

sunshine silver minesExecutives with Idaho-based Sunshine Silver Mines Corporation say the company intends to begin producing ore in 2014.

Company officials filed documents laying out their timeline with the Securities and Exchange Commission last month.

The company is preparing to sell shares and become a public corporation. The goal of the initial public offering is to raise $250 million – with some of that cash to be used for upgrades at the mine near Kellogg.

The company has 48 employees on site, but there is no ore being produced.  Historically, the mine has produced more than 360 million ounces of silver in the last 125 years.

Officials say recent and future improvements should enhance potential for extracting more silver ore from the site.  (AP)

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