Business
Q3 2020 Operations Update
Q3 2020 Operations Update.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4259B\n Central Asia Metals PLC\n 08 October 2020\n \n \n \n \n 8 October 2020\n \n \n \n \n \n CENTRAL ASIA METALS PLC\n \n \n ('CAML' or the 'Company')\n \n \n Q3 2020 Operations Update\n \n Central Asia Metals plc (AIM: CAML) today provides a Q3 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 Summary\n \n - No lost time injuries ('LTIs') at either operation\n - Kounrad\n \n o Q3 2020 copper produced, 3,883 tonnes\n \n o First nine months of 2020, 10,490 tonnes of copper produced\n - Sasa\n \n o Q3 2020\n \n § Zinc in concentrate produced, 5,764 tonnes\n \n § Lead in concentrate produced, 7,159 tonnes\n \n o First nine months of 2020\n \n § Zinc in concentrate produced, 17,966 tonnes\n \n § Lead in concentrate produced, 22,300 tonnes\n - 30 September 2020 cash in the bank of $55.2 million (inclusive of $10.0 million drawdown in overdraft facilities)\n \n Outlook\n - 2020 copper production guidance, increased from between 12,500 tonnes and 13,500 tonnes to between 13,500 tonnes and 14,000 tonnes\n - Post period end, Sasa processing operations have resumed after tailings storage facility 4 ('TSF4') leakage on 14 September 2020\n \n o Original 2020 zinc and lead production guidance maintained\n \n \n \n \n \n CAML production summary\n \n \n \n \n \n Metal production (tonnes)\n \n \n \n \n Q3 2020\n \n \n \n \n 9m 2020\n \n \n \n \n 9m 2019\n \n \n \n \n \n \n Copper\n \n \n \n \n 3,883\n \n \n \n \n 10,490\n \n \n \n \n 10,633\n \n \n \n \n \n \n Zinc\n \n \n \n \n 5,764\n \n \n \n \n 17,966\n \n \n \n \n 17,703\n \n \n \n \n \n \n Lead\n \n \n \n \n 7,159\n \n \n \n \n 22,300\n \n \n \n \n 21,718\n \n \n \n \n \n \n \n \n Nigel Robinson, Chief Executive Officer, commented:\n \n \n \"After a challenging month with the incident at TSF4, we are delighted to be able to announce an increase in our Kounrad copper production guidance, despite the changes in operating procedures due to COVID-19, and to reiterate our original 2020 Sasa zinc and lead production guidance. This has been possible as we have been able to resume operations at Sasa after making...