Business
Q3 Cobre Sales (US $2.036M) Sets New Record
Q3 Cobre Sales (US $2.036M) Sets New Record.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 1125T Strategic Minerals PLC 10 October 2017 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n10 October 2017\n \nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\n \nQ3 Cobre Sales (US $2.036M) Sets New Record \n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to provide the following update on magnetite ore sales at the Company's Cobre operations in New Mexico, USA, for the three months to September 2017, and to inform the market of cash available at the end of quarter. \n \nThe Board has reviewed both the previous quarterly reports and the timely manner in which it has reported on project specific developments and has taken the view not to revisit previous progress in the quarterly report but to instead comment on the two key pieces of information that require updating (Cobre sales and cash balances). In this manner, the reports can be produced more efficiently.\n \nSales update Cobre magnetite tailings operations \n \nThe spectacular September 2017 quarter sales at Cobre of US $2.036m (29,539 tons) have set a new quarterly record, partly reflecting clearance of prepaid June tonnage for our new client. Accordingly, the figures for this September quarter are approximately 15% higher than current underlying sales. Notwithstanding, these sales levels represent over a 300% increase on last September's sales of US $0.462m (7,686 tons). On the back of this performance, the Board anticipates that 2017 will see...