Cost saving measures in place for U.S. SilverU.S. Silver Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : V.USA, Stock Forum) announced several new cost saving measures Friday morning, including the suspension of repair work on the Galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. shaft at its Galena silver-lead-copper mine in Idaho. “While the shaft repair is within five months of completion, it was felt that until cash flows improve shaft repair at approximately $175,000 per month is too large an expense to maintain. The Company is negotiating with major suppliers for further cost reductions for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. ,” says U.S. Silver. U.S. Silver added that all of its salaried personnel have taken a 10% salary reduction and the union representing the hourly employees has also approved a similar reduction in wages for the hourly workforce. Officers of the corporation and the board have also reportedly reduced their cash compensation until cash goals are achieved. The initiatives are expected to save the company at least $300,000 per month in expenses. While the company’s operations were temporarily disrupted in November due to the reduction in force and release of contractor groups, U.S. Silver says the #3 circuit in the Galena Mill was activated activated a state of being more than usually active. In biological systems this is usually brought about by chemical or electrical means. Commonly said of pharmaceutical and chemical products. on November 6 and has been operational since then, giving the Galena Mill a capacity of 900 tons per day. “That, combined with improved mine production, allowed the Company to produce 496,041 ounces of silver in the fourth quarter, including a U.S. Silver record of 248,223 ounces of silver in December, 2008. The Galena Mill has been processing both copper/silver and lead/silver ores. The Coeur Mill has been placed on standby standby Medtalk adjective Referring to the immediate availability of a certain specialist–anesthesiologist, surgeon, who can be deployed in a medical emergency. Cf Concurrent. , providing some cost savings,” says U.S. Silver. U.S. Silver also noted Friday that it is not part of any consolidation effort, as it responded to reports in the local Idaho press that an ownership consolidation of various silver properties in the Silver Valley of northern Idaho may be occurring. Shares of U.S. Silver climbed 7% to 7.5 cents Friday morning. On the U.S. Silver Bullboard Friday, stateside state·side adj. 1. Of or in the continental United States. 2. Alaska Of or in the 48 contiguous states of the United States. adv. Informal 1. said: “USA now represents the one "go-to" company to benefit from any sustained upward movement (ie - today) in the price of silver. They crushed their old monthly production record by 25% in December and now are producing at a 3 million ounce annual rate. With lower costs and higher production going forward, watch the bottom line numbers escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. higher if the silver gods allow it[sic Latin, In such manner; so; thus. A misspelled or incorrect word in a quotation followed by "[sic]" indicates that the error appeared in the original source. ].” 
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