Business
H1 2020 Operations Update
H1 2020 Operations Update.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n RNS Number : 4578S\n Central Asia Metals PLC\n 09 July 2020\n \n \n \n \n 9 July 2020\n \n \n \n \n \n CENTRAL ASIA METALS PLC\n \n \n ('CAML' or the 'Company')\n \n \n H1 2020 Operations Update\n \n Central Asia Metals plc (AIM: CAML) today provides a H1 2020 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 North Macedonia ('Sasa').\n \n H1 2020 operational highlights\n \n - No lost time injuries ('LTIs') at either operation\n - Production and sales volumes unaffected by COVID-19 pandemic\n - Kounrad copper production, 6,607 tonnes\n - Sasa zinc in concentrate production, 12,203 tonnes\n - Sasa lead in concentrate production, 15,140 tonnes\n \n Group cash and debt position\n \n - Cash in the bank on 30 June 2020, $44.0 million\n - Gross debt (inclusive of overdraft) on 30 June 2020, $99.0 million\n \n o H1 2020 Traxys corporate debt facility repayments of $19.2 million\n \n Outlook\n - Production currently on track to meet full year 2020 guidance for copper, zinc and lead\n \n o Copper, 12,500 - 13,500 tonnes\n \n o Zinc, 23,000 - 25,000 tonnes\n \n o Lead, 30,000 - 32,000 tonnes\n - Post-period end, reduced workforce at Kounrad to further increase social distancing measures with no impact on output levels\n \n \n \n \n \n CAML production summary\n \n \n \n \n \n Metal production (tonnes)\n \n \n \n \n Q2 2020\n \n \n \n \n Q1 2020\n \n \n \n \n H1 2020\n \n \n \n \n H1 2019\n \n \n \n \n \n \n Copper\n \n \n \n \n 3,406\n \n \n \n \n 3,201\n \n \n \n \n 6,607\n \n \n \n \n 6,594\n \n \n \n \n \n \n Zinc\n \n \n \n \n 6,076\n \n \n \n \n 6,127\n \n \n \n \n 12,203\n \n \n \n \n 11,517\n \n \n \n \n \n \n Lead\n \n \n \n \n 7,533\n \n \n \n \n 7,607\n \n \n \n \n 15,140\n \n \n \n \n 14,357\n \n \n \n \n \n \n \n \n Nigel Robinson, Chief Executive Officer, commented:\n \n \n \"Today's update demonstrates a period of safe production from our two operations during H1 2020, with no lost time injuries. We remain firmly on course to achieve our 2020 production guidance for copper, zinc and lead.\n \n \n \"H1 2020 has brought its challenges, as COVID-19 related concerns and restr...