The Century Zinc Mine, which was officially re-opended last month, made revenue of A$27.2M from zinc concentrate sales in September.
A$9.8M was earned from production of 7,000t of zinc concentrate to date and A$17.4M from the forward sale of 13,000t of October production.
Century says its first concentrate shipment to China is scheduled for the end of this month. Century is planning for a feed rate of 8.0Mtpa+ into its processing plant.
In November 2017 the mine’s owner, New Century Resources (ASX:NCZ), raised $52.9 million to restart.
The mine was the third largest zinc mine in the world prior to its closure in 2016 and still hosts mineral resources in excess of 2.6Mt of zinc, 0.7Mt of lead and 42.5Moz of silver.
Creative Commons image of moth courtesy of Mike Lewinski
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From:: Infomine