32.8 C
Supported byspot_img

Central Asia Metals marks solid 2019 production results in Sasa, North Macedonia lead zinc mine

Member of Europium Groupspot_img
Supported byspot_img

Aim-listed Central Asia Metals (CAML)  managed to exceed its yearly guidance at the Kounrad copper recovery plant, in Kazakhstan, producing 13 771 t in 2019.


This while production at the Sasa mine, in north Macedonia, reached the top end of the guidance range at 23 360 t zinc and 29 201 t lead.

The Kounrad plant produced 14 049 t of copper in 2018, while the Sasa mine’s output was 22 532 t zinc and 29 388 t lead in 2018.

Supported by

The company ended the year off with $32.4-million in cash, while its gross debt stood at $108-million.

CEO Nigel Robinson said 2019 had been a productive year at Sasa and that many improvements had been made on site, including installation of a new tertiary crusher, which should aid increased production in 2020.

“We intend to transition to cut and fill mining in the next few years, which results in a busy year of technical studies while we finalise plans during 2020,” he confirmed.

CAML had set its guidance for this year at between 12 500 t and 13 500 t copper, between 23 000 t and 25 000 t zinc and between 30 000 t and 32 000 t lead.

Source: miningweekly.com

Supported byElevatePR Digital

Related News

Boosting Egypt’s mining sector: Key agreements at Egypt Mining Forum

Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of several significant cooperation agreements in the mining sector during the Egypt Mining...

Zinnwald Lithium bolsters production prospects with expanded mineral resource estimate

Zinnwald Lithium saw a significant surge in its shares on Friday following a 50% increase in the mineral resource estimate for its flagship project...

Driving Europe’s green and digital economy: The surge in critical raw materials demand

As Europe accelerates its transition towards a green and digital economy, the demand for Critical Raw Materials (CRMs) such as lithium, nickel, rare earth...

Mining giants challenge Australian environmental reforms over economic concerns

Recent documents obtained under freedom of information laws reveal that mining giants, including Hancock Prospecting and Rio Tinto, have lobbied the Albanese government to...
Supported by
Supported by
Supported by
error: Content is protected !!