Telson Mining hails fourth quarter output improvements at Campo Morado mine
Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) told investors that throughput and production ramped up at its Campo Morado mine in Mexico in the fourth quarter, which is positively affecting revenues as metals prices rise.
In the three months to December 31, 2020, a steady increase in production had been seen, the miner said, with 57,081 tonnes milled in December, up from 55,829 tonnes in November and 55,401 tonnes in October.
READ: Telson Mining begins shipping ore from its Tahuehueto gold project in Mexico
For the quarter as a whole, 168,311 tonnes of material were milled. That led to 9,974 tonnes of zinc concentrate being produced in the three months and 1,916 of lead concentrate.
Estimated revenues for the fourth quarter, net of all concentrate sale deductions such as treatment charges, came in at around US$8.76 million, noted Telson.
The final revenue figures are subject to review and agreement of final assay results.
Telcom noted that cash costs, all-in sustaining cost per pound and other operational details will be disclosed in the upcoming annual audited financial statements which are due to be filed on or before April 30, 2021.
“Management is delighted to see steady improvements with Campo Morado operations as a result of the dedication and hard work of all management and personnel at the mine site,” said Ralph Shearing, Telson CEO in a statement.
“Operations have achieved significant increases in throughput and concentrate production in an environment of increasing metal prices which is positively affecting revenues. Telson is looking forward to an excellent year ahead during 2021 from its Campo Morado mining operations.”
Campo Morado is a polymetallic base metal mine with mining and milling equipment currently producing at an average of around 2,150 tonnes per day.
Telson Mining is a Canada-based miner with two 100%-owned Mexican gold, silver and base metal mining projects.
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Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/938088/telson-mining-hails-fourth-quarter-output-improvements-at-campo-morado-mine-938088.html
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