NQ Minerals Plc (AQSE:NQMI) has announced it achieved record production levels in July 2020 of metals concentrates from the Company’s flagship Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia.
July 2020 was the first full month of Hellyer plant operations at the new production rate of over 1.2 million tonnes per annum (“Mtpa”). The plant achieved:
· Record Hellyer monthly plant throughput of 106,365 tonnes (1.25 Mtpa annualised).
· Record monthly lead concentrate production of 4,075 tonnes concentrate, up from average monthly in Q2, 2020 of 2,921 tonnes of concentrates.
· Zinc concentrate production of 1,509 tonnes.
· Saleable gold in concentrates of 461 ounces gross (before processing and streaming deductions).
· Saleable silver in concentrates of 89,854 ounces gross (before processing and streaming deductions).
David Lenigas, NQ’s Chairman, said: “The recent plant upgrades at Hellyer – an annualised throughput increase to over 1.2 million tonnes per annum at the end of July – have seen a welcome and dramatic improvement in Hellyer’s operational performance and output. Our lead concentrate production now accounts for around 85% of monthly revenue, up from around 75% last year due to the recent rises in gold and silver prices.”
