Last checked at 
Shares in Weatherly were trading 26% lower at
For the six months ended December 31, pretax loss narrowed to
This was amid copper cathode production rising to 8,844 tonnes from 4,739 tonnes the year prior, helped by a strong December quarter performance. This is compared to 14,759 tonnes being produced during the financial year ended June 2017.
"While the strong December quarter demonstrates the capacity of the Tschudi SXEW plant to operate at well above nameplate levels when leaching rates provide sufficient copper into solution, full year production is not expected to exceed its nameplate producing capacity of 17,000 tpa [tonnes per annum] copper cathode," Weatherly said in a statement.
In the three months ended December, Tschudi in
The C1 cost rose to
Weatherly warned, however, that it was due to pay
The company's "ability to continue as a going concern will be dependent on Orion's continued support, of which there is no certainty", it explained. Weatherly did argue, however, that should Orion defer repayments Tschudi will generate enough cash to remain as a going concern.
In December, Weatherly agreed to acquire 100% of the Kitumba copper project in
