NQ Minerals achieve record Profits and Production at Hellyer Mine

NQ Minerals (NEX:NQMI), the base and precious metals producer from the Hellyer Gold Mine in Tasmania Australia, has announced that November 2019 was an excellent month for production, with a provisional mine unaudited net profit before tax for November at a record A$2.44 million on revenues of A$5.64 million.

(Note: These numbers are with respect to the NQ’s Hellyer Gold Mines Pty Ltd only)

David Lenigas, Chairman of NQ Minerals, commented:

“The Company is seeing excellent P&L and operational performance from its flagship Hellyer Mine in Tasmania. Work is continuing to improve lead and zinc recoveries and the prognosis for the full fourth quarter and into 2020 is looking strong.”

Hellyer Operations – Production Performance for November 2019

Mined tonnes:73,358 tonnes
Processed tonnes:73,532 tonnes
·     Lead grade %2.95%
·     Zinc Grade %2.08%
·     Gold Grade2.46 grams/tonne (“g/t”)
·     Silver Grade87 g/t
Lead Concentrates Produced2,780 tonnes
·     Lead Recovery %47.28%
·     Lead %36.93%
·     Gold grade5.18 g/t
·     Silver grade785 g/t
Zinc Concentrates Produced1,426 tonnes
·     Zinc Recovery %40.35%
·     Zinc Grade %43.25%
·     Silver grade191 g/t
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