Lipari Mining Announces Q1-2025 Production and Sales Results

About this update from Lipari Mining Ltd

[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (FSE: OY90) ("Lipari" or "the Company") today announces production and sales results for the first quarter ended March 31, 2025 ("the Quarter" or "Q1-2025") from the Company's wholly-owned Braúna Diamond Mine in Brazil. All figures are expressed in Canadian dollars unless otherwise noted.","length":419,"tagName":"p"},{"type":"text","content":"Q1-2025 HIGHLIGHTS ","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q1 2025 ore tonnes mined: 169,758 tonnes, increased by 88% compared to the same period the previous year (Q1-2024: 20,398 tonnes)","length":129,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Tonnes processed: 173,443 tonnes, increased by 52% (Q1-2024: 82,450 tonnes)","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Carats recovered: 25,291 carats, increased by 84% (Q1-2024: 3,980 carats)","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Carats recovered per 100 tonnes of ore processed: 14.6 cpht, increased by 67% (Q1-2024: 4.8 cpht)","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Carats sold: 22,524 carats, up 66% compared to the same period the previous year (Q1-2024: 7,637 carats)","length":104,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"$223 per carat achieved for total proceeds of $5.02 million (Q1-2024: $1.80 million)","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Average recovered diamond grade of 14.6 cpht (Q1-2024: 4.6 cpht)","length":64,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Completed 513 metres of underground development during the period (Q1-2024: 215 metres)","length":87,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash of $2.33 million; (Q1-2024: $0.25 million)","length":47,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":760,"olType":false},{"type":"text","content":"Ken Johnson, President and CEO of Lipari commented: "Q1 was a technically demanding period as we completed the transition of our Braúna operation from open pit to underground mining during January. Ore production from the underground mine steadily increased over ...

More updates from Lipari Mining Ltd