Business
H1 2018 Operations Update
H1 2018 Operations Update.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 0736U Central Asia Metals PLC 10 July 2018 \n\n10 July 2018\n \nCENTRAL ASIA METALS PLC\n('CAML' or the 'Company')\nH1 2018 Operations Update\nCentral Asia Metals plc (AIM: CAML) today provides a H1 2018 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- Kounrad\no H1 2018 copper production, 6,747 tonnes\n- Sasa\no H1 2018 zinc in concentrate production, 11,020 tonnes\no H1 2018 lead in concentrate production, 14,386 tonnes\n- On track to meet 2018 production guidance\no Copper 13,000 to 14,000 tonnes\no Zinc in concentrate 21,000 to 23,000 tonnes\no Lead in concentrate 28,000 to 30,000 tonnes\n- Shuak\no 2018 exploration programme underway, 11,550 metres drilled in H1 2018\n- Cash in the bank on 30 June 2018, $40.5m\n \nCAML production summary\n\n\n\nMetal production (tonnes)\n\n\nQ2 2018\n\n\nQ1 2018\n\n\nH1 2018\n\n\nH1 2017*\n\n\n\n\nCopper\n\n\n3,677\n\n\n3,070\n\n\n6,747\n\n\n7,027\n\n\n\n\nZinc\n\n\n5,502\n\n\n5,518\n\n\n11,020\n\n\n10,739\n\n\n\n\nLead\n\n\n7,366\n\n\n7,020\n\n\n14,386\n\n\n14,879\n\n\n\n*H1 2017 zinc and lead production pre-date CAML ownership\nNigel Robinson, Chief Executive Officer, commented:\n\"After a particularly cold winter in Kazakhstan during Q1, we had a solid Q2 and were pleased with our overall H1 2018 Kounrad copper production. At Sasa, which we have now owned and operated for eight months, we are also pleased with our zinc and lead output and we are firmly on track to meet annual guidance for the three metals.\n\"During Q2 2018, we made several senior management changes that we believe have both strengthened and provided continuity to our business. Our integration of Sasa into the CAML Group is progressing well and we have commenced a life of mine ('LOM') technical study that should ensure the optimal future of the operation. The Company continues to assess additional business opportunities.\"\nKounrad \nKounrad Q2 2018 copper production of 3,677 tonnes brings output for the first six months of 2018 to 6,747 tonn...