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.
-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.