Endlich mal wieder gute Nachrichten. So kann die Firma hoffentlich bald profitabel Arbeiten. Nachricht kam gut an und laut ceo.ca auch sehr überraschend.
Der Kupferpreis ist gut gestiegen in den letzten Tagen. Bei den Preisen müssen eigentlich Gewinne eingefahren werden.
Trigon Metals Announces Achievement of Key Mining Milestone — Underground Mining Operations Averaging 980 tpd of Ore Over 30-day Rolling Period at Kombat Mine, Namibia
Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces that it has reached a key milestone, having mined an average of 980 tonnes of ore a day from its underground operations over a 30 day period and that it will pause its open pit operations at the end of September 2024 at the Company's Kombat mine in Namibia.
Trigon has achieved a key milestone as required pursuant to the terms of the streaming agreement with Sprott Private Resource Streaming and Royalty (B) Corp. and Sprott Mining Inc. by exceeding average production of 900 tonnes per day from its underground operations over 30 consecutive days (see press release dated October 24, 2022). This threshold was required to be met by October 31, 2025 and has been met by Trigon 13 months earlier than contractually required.
Following the success from its underground operations, Trigon has made the decision to pause its open pit mining activities with effect from the end of September 2024, based on the following supporting factors:
The successful recommissioning of the underground mine with commercial production declared on May 23, 2024,
Ability to mine 900 tonnes per day average over a 30 day period,
The significant grade differential and positive contribution of the underground mining operations when compared to the open pit operations, and
The current milling capacity constraint at the Kombat mine limits plant throughput to 1,000 tonnes per day, which in turn leads to the preferential feeding of higher-grade underground ore. The Company is able to fill any production shortfall through feeding of existing lower-grade stockpiles until such time as underground production reaches full steady state.
The mining contractor for the open-pit operations has been notified of the intended pause of open pit mining activities and will demobilise from the operations by the end of September 2024.
Jed Richardson, CEO and Executive Chairman of Trigon, commented, “This achievement not only reflects our ability to meet and surpass the feasibility study ramp-up targets but also de-risks the Sprott streaming agreement, ensuring that Trigon is not required to convert the principal advanced pursuant to the stream agreement into a loan. Exceeding the 900 tonnes per day average from the underground is a significant milestone for the Company and a testament to the team's dedication to delivering on our commitments. We are grateful to Tulela Mining and Construction, our open pit mining contractor, for their exceptional support and partnership over the last four years.”
Rennie Morkel, President and COO of Trigon, commented, “We’ve faced significant challenges with the open pit, where stripping requirements have exceeded our forecasts. Pausing open pit operations will have an immediate positive impact on our operating costs, allowing us to focus on the higher-grade underground ore. This strategic shift enhances our ability to increase production while maintaining cost efficiency, ensuring a more sustainable and profitable operation moving forward.” |
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