Pembridge Resources PLC - miner with interest in Minto copper-gold-silver project in Yukon, Canada - Says the Minto mine produced 7,023 wet metric tonnes of concentrate in the first quarter of 2021, up from 4,143 wet metric tonnes in the fourth quarter of 2020. Adds Minto received payments of USD20.8 million from Japan's Sumitomo Corp in the first quarter of 2021, up by from USD17.5 million in the previous quarter.
"We are pleased to see the improved output from the Minto mine, with a quarterly production of concentrate higher than that achieved in any quarter of 2020. With this improved production combined with the strong copper price, the mine has also received larger payments for its production than in any previous quarter," says Chief Executive & Chair Gati Al-Jebouri.
Current stock price: 5.70 pence, up 6.5% on Wednesday
Year-to-date change: up 9.6%
By Zoe Wickens; zoewickens@alliancenews.com
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