Business
2017 Operations Update
2017 Operations Update.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 7970B Central Asia Metals PLC 15 January 2018 \n\n15 January 2018\n \nCENTRAL ASIA METALS PLC\n(\"CAML\" or the \"Company\")\n2017 Operations Update\nCentral Asia Metals plc (AIM: CAML) today provides a Q4 and full year 2017 operations update for the Kounrad dump leach, solvent extraction and electro-winning (\"SX-EW\") copper recovery plant in Kazakhstan (\"Kounrad\") and the Sasa zinc-lead mine in Macedonia (\"Sasa\").\nHighlights\n- Completion of $402.5 million Lynx Resources acquisition, 6 November 2017\n- 2017 Kounrad\no Copper production, 14,103 tonnes\n- 2017 Sasa\no Zinc production, 21,585 tonnes\no Lead production, 29,881 tonnes\no CAML attributable zinc and lead metal production from 1 November to 31 December, 3,625 tonnes and 4,951 tonnes respectively\n- 2017 Shuak\no Initial exploration programme completed with encouraging results\n- 2018 production guidance\no Kounrad\n§ Copper, 13,000 to 14,000 tonnes\no Sasa\n§ Underground ore production, 780,000 to 800,000 tonnes\n§ Zinc, 21,000 to 23,000 tonnes\n§ Lead, 28,000 to 30,000 tonnes\n- Cash in the bank on 31 December 2017, $46 million\n \nCAML production summary\n\n\n\n\nMetal production (tonnes)\n\n\n2017 CAML attributable\n\n\nQ4 2017\n\n\nQ4 2016\n\n\n2017\n\n\n2016\n\n\n\n\nCopper\n\n\n14,103\n\n\n3,234\n\n\n3,010\n\n\n14,103\n\n\n14,020\n\n\n\n\nZinc\n\n\n3,625\n\n\n5,347\n\n\n5,155\n\n\n21,585\n\n\n22,515\n\n\n\n\nLead\n\n\n4,951\n\n\n7,437\n\n\n7,320\n\n\n29,881\n\n\n28,955\n\n\n\n\n \nNick Clarke, Executive Chairman, commented:\n\"Once again, we are able to report annual copper production from Kounrad at the top end of our guidance range. In addition, following our $402.5 million acquisition of Lynx Resources, we took ownership of the Sasa zinc-lead mine on 6 November 2017, and are pleased that the mine's metal production is also in line with our expectations. \n\"We move into 2018 on a solid footing as a diversified base metals producer, with low cost operations in two highly prospective jurisdictions.\n\"Our 2017 annual results are scheduled to be released on 10 April 2018, when our final dividen...