iconJun 16, 2025 17:25
Source:SMM
On June 16th, Australian miner Polymetals Resources Ltd announced that commercial production has commenced at its Endeavor silver-zinc mine, located in Cobar, New South Wales. The production of both silver-lead and zinc concentrates is now underway, with stable plant operations and ongoing optimisation of grinding and flotation circuits. The company stated that prepayment for zinc concentrate will be received in June, marking the project's first cashflow, while the first shipment is scheduled for early July. Deliveries of silver-lead concentrate will follow shortly thereafter. Access to high-grade silver ore in the upper levels is progressing, with first ore extraction expected in August. The operation is set to ramp up throughout the second half of 2025, targeting nameplate capacity of 1.2 million tonnes of ore per year. Once a major producer in Australia, the Endeavor mine has been successfully restarted over the past nine months with strong cost control. The board expressed satisfaction with current progress and is optimistic about delivering long-term value to shareholders and the Cobar region. If operations proceed smoothly, the mine is expected to produce approximately 20,000 tonnes of zinc in concentrate in 2025.

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