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IN BRIEF: Rambler Metals Copper Production Down In Half, Eyes Ramp Up

Wed, 22nd Jul 2020 20:00

Rambler Metals & Mining PLC - copper and gold producer - produces 898 tonnes of saleable copper for the quarter to June 30 and 2,108 tonnes for the half year. In 2019, the firm produced 1,417 tonnes of copper in the second quarter and 2,624 tonnes for the first half. Keeps Ming Mine and Nugget Pond processing facilities operational during the Covid-19 pandemic, albeit at a reduced throughput. Assays of gold grades and consequent gold recoveries and saleable gold for second quarter delayed. "This last quarter's mine and mill performance were impacted significantly by measures taken against the Covid-19 pandemic. While we are pleased that we have been and remain free of infection within our group of employees and contractors, we are determined to begin ramping up development and production during H2 2020 as operating limitations are relaxed," said President & Chief Executive Toby Bradbury.

Current stock price: 1.26 pence pence

Year-to-date change: down 51%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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