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Pin to quick picksCornish Metals. Share News (CUSN)

Share Price Information for Cornish Metals. (CUSN)

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Share Price: 6.85
Bid: 6.70
Ask: 7.00
Change: 0.25 (3.79%)
Spread: 0.30 (4.478%)
Open: 6.75
High: 7.00
Low: 6.80
Prev. Close: 6.60
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IN BRIEF: Cornish Metals celebrates speedy mine dewatering

Thu, 07th Dec 2023 14:06

Cornish Metals Inc - mineral exploration and development company, focused on the South Crofty tin project in Cornwall - Says dewatering work at the South Crofty mine, started in early November, is tracking ahead of expectations. Water level as of December 5 stood at approximately 155 metres below surface, with up to 25,000 cubic metres of water pumped and treated each day. Company is working to restart production at South Crofty, which stopped operating in 1998. Treated water is being discharged into the Red River and "having a positive effect on [its] water quality".

Chief Executive Officer Richard Williams says: "The start of dewatering of South Crofty Mine was an important milestone for the company and it is pleasing to see the water level in the [New Cook's Kitchen] shaft dropping faster than expected over the last month. We remain focussed on our objective to complete the dewatering of South Crofty within 18 months."

Current stock price: 10.00 pence

12-month change: down 32%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Oct 2023 16:12

Cornish Metals makes progress at South Crofty Tin Project

(Sharecast News) - Mineral explorer and developer Cornish Metals reported progress in its ongoing feasibility study at the South Crofty Tin Project on Monday, executing substantial portions with positive advancements in metallurgical test-work and other essential study components.

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9 Oct 2023 09:55

Cornish Metals posts stronger-than-expected results at South Crofty

(Alliance News) - Cornish Metals Inc shares rose on Monday as the firm provided positive test results from South Crofty tin deposit in Cornwall, which are likely to result in lower costs for the project.

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9 Oct 2023 09:53

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3 Oct 2023 20:05

EARNINGS AND TRADING: Cornish Metals reports narrowed half-year loss

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28 Sep 2023 15:52

Cornish Metals starts commissioning mine water treatment plant

(Sharecast News) - Explorer and developer Cornish Metals announced the start of the wet commissioning process for its mine water treatment plant (MWTP) at the South Crofty Tin Project in Cornwall on Thursday.

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28 Sep 2023 15:08

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21 Sep 2023 21:08

IN BRIEF: Cornish Metals starts exploration drilling in Cornwall

Cornish Metals Inc - Vancouver, Canada-based mineral exploration and development firm focused on the UK and North America - Starts 9,000 metre mineral exploration drilling at the Wide formation target in the Carn Brea South exploration area at its South Crofty tin project in Cornwall, England. Says the formation "represents a high-grade tin target," citing 0.99% tin at discovery hole CB21-002 within a 12.14 metre wide zone of "strong" alteration and disseminated tin mineralisation. Highlights that tin is a critical mineral as defined by the UK, US and Canadian governments, with about 75% of tin mined today coming from China, Myanmar and Indonesia. Says that responsible sourcing of critical minerals and security of supply "are key factors in the energy transition and technology growth."

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14 Sep 2023 21:55

IN BRIEF: Cornish Metals hails updated estimate for South Crofty

Cornish Metals Inc - Vancouver, Canada-based mineral exploration and development firm focused on the UK and North America - Updates its JORC mineral resource estimate for the South Crofty tin project in Cornwall, England. Says the focus of this new MRE is the lower mine area tin-only section of the project. The site has been subject to a thorough review, including further digitisation and modelling of historical data, though the upper mine polymetallic area has also been reported using current metal prices.

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14 Sep 2023 13:41

Cornish Metals takes wraps off updated mineral resource estimate

(Sharecast News) - Cornish Metals unveiled an updated mineral resource estimate (MRE) for its flagship South Crofty Tin Project in Cornwall on Thursday.

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19 Jul 2023 10:52

Cornish Metals shares rise after installing South Crofty tin site pump

(Alliance News) - Cornish Metals Inc on Wednesday said that it has installed a second submersible pump at the South Crofty tin project in Cornwall, England.

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4 Jul 2023 12:02

IN BRIEF: Cornish Metals notes high grade tin assay results

Cornish Metals Inc - UK-focused mineral exploration and development company - Finds 2.1 metre grading at 3.2% tin and 1.5 metre grading at 4.7% tin at South Crofty tin project in Cornwall. Says Results add further confidence to its mineral resource estimate.

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27 Jun 2023 13:43

Cornish Metals fully installs first submersible pump

(Sharecast News) - Tin mine developer Cornish Metals announced the successful installation of the first submersible pump at the New Cooks Kitchen shaft on Tuesday.

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27 Jun 2023 10:21

Cornish Metals installs submersible pump to depth at South Crofty

(Alliance News) - Cornish Metals Inc on Tuesday said that the first of two submersible pumps have now been installed to target depth in the New Cooks Kitchen shaft at the South Crofty mine in Cornwall.

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22 Jun 2023 18:21

IN BRIEF: Cornish Metals narrows loss amid "excellent" progress

Cornish Metals Inc - UK-focused mineral exploration and development company - Narrows loss in the three months ended April 30 to CAD206,802, around GBP123,396. This compares to a loss of CAD979,427 the year prior. Total operating expenses in the period climb to CAD924,120 from CAD627,115. Net cash used in operating activities rises to CAD1.0 million from CAD625,384, while net cash used in investing activities multiplies to CAD7.0 million from CAD1.2 million.

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22 Jun 2023 15:44

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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