Weatherly International 4Q Copper Concentrate Production 5,605 Tons-Shanghai Metals Market

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Weatherly International 4Q Copper Concentrate Production 5,605 Tons

Industry News 10:09:01AM Jul 23, 2012 Source:SMM

Jul 20, 2012 (Dow Jones) LONDON--Namibia-focused miner Weatherly International PLC (WTI.LN) said Friday that fourth quarter production was 5,605 tons of copper concentrate containing 1,292 tons of copper.

Main Facts:
-The first of two new working areas at Otjihase mine has been opened up offering greater flexibility to the operation.

-The preparation of a second new working area continues with production targeted to commence in August.

-Matchless mine maintains its solid performance.

-A healthy margin continues to exist between weighted average sale price and cash costs.

-The Tschudi feasibility progresses with important revisions.

-Delivery expected by the end of the year.

-Shares closed Thursday at 3.9 pence.
 

Price

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SMM #1 Nickel
Aug.21
123800.0
-1150.0
(-0.92%)
#1 JinChuan Nickel
Aug.21
124450.0
-1100.0
(-0.88%)
#1 Import Nickel
Aug.21
123175.0
-1175.0
(-0.94%)
JinChuan B&C
Aug.21
1350.0
0.0
(0.00%)
Russian nickel premium
Aug.21
100.0
-25.0
(-20.00%)

Weatherly International 4Q Copper Concentrate Production 5,605 Tons

Industry News 10:09:01AM Jul 23, 2012 Source:SMM

Jul 20, 2012 (Dow Jones) LONDON--Namibia-focused miner Weatherly International PLC (WTI.LN) said Friday that fourth quarter production was 5,605 tons of copper concentrate containing 1,292 tons of copper.

Main Facts:
-The first of two new working areas at Otjihase mine has been opened up offering greater flexibility to the operation.

-The preparation of a second new working area continues with production targeted to commence in August.

-Matchless mine maintains its solid performance.

-A healthy margin continues to exist between weighted average sale price and cash costs.

-The Tschudi feasibility progresses with important revisions.

-Delivery expected by the end of the year.

-Shares closed Thursday at 3.9 pence.