Central Asia Metals marks solid 2019 production results in Sasa, North Macedonia lead zinc mine
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.
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.
- Revaluation of Romania’s enormous mineral wealth
- Central Asia Metals’ mine in North Macedonia had leakage of tailing into the river
- Mining companies and their relations to the local communities
- Dalradian Gold plans gold mine in Northen Ireland, community splits between pros and cons
- Kaz Mountains in Turkey threatened by mining licenses
- How valuable is Kosovo’s mineral wealth?
- What Are The Major Natural Resources Of Macedonia?
- Rio Tinto in Serbia: Lithium exploitation plan presented
- Eastern Mining Company step closer to Exploitation Permit in Bosnia and Herzegovina
- Tirex Resources Mining License for High Grade Albania Rehova Copper Project Approved
- Zijin Bor Copper plans to produce 3.3 mln t of ore at Cukaru Peki Upper Zone mine in Serbia
- Capital Mining starts next exploration phase at Irish lithium projects
- Garlyk mining and processing factory – Belarus-Turkmenistan compromise
- Jadar Resources gets promising results from borate and lithium project in Serbia
- Glencore corporation reports decrease in annual profit, issues with Kazakhstan and Congo authorities