Central Asia Metals increases copper production in 9M 2022, on track to achieve annual guidance


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(Kitco News) – Central Asia Metals (AIM: CAML) today announced a Q3 2022 operations update for the Kounrad landfill leach, solvent extraction and electrowinning copper recovery plant in Kazakhstan and the Kounrad mine in zinc and lead Sasa in North Macedonia.

The company said that Kounrad’s Q3 2022 copper production of 4,067 tonnes brings production in the first nine months of 2022 to 10,685 tonnes (9M2021: 10,360 tonnes). Copper sales during the third quarter of 2022 were 4,093 tons, bringing the total for the first nine months of the year to 10,499 tons.

CAML added that Sasa’s third quarter 2022 payable zinc production was 4,837 tonnes and lead was 6,554 tonnes, bringing total payable production for the nine-month period to 13,625 tonnes of zinc and 19,690 tonnes of lead. .

Importantly, the company noted that it is on track to achieve higher 2022 guidance for Kounrad copper production (13,500 to 14,000 tons) and on track to meet Sasa’s 2022 production guidance (zinc in concentrate, 20,000 tons). -22,000 tons; lead in concentrate, 27,000-29,000 tons).

Chief Executive Nigel Robinson commented: “I am pleased to report strong and confident production from our two operations during the third quarter of 2022, excluding LTI. At Kounrad, we announced further production guidance for 2022 with our first half results of 2022, and we are on track to meet this and meet our production goals at Sasa.”

Central Asia Metals, a London-based AIM-listed UK company, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia. North.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has gone to great lengths to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage arising from the use of this publication.


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