Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Gets mixed results from Baita Plai polymetallic mine in Romania in the second quarter of 2022 but expects this to improve. Produces 268 dry metric tonnes of copper concentrate, up 17% from 229 a year ago. Sells 183 dry metric tonnes of the material, down 22% from 234. Mills 11,292 metric tonnes of ore, 6% less than 12,103 a year ago.
"Looking forward to the third quarter of 2022 and beyond, the company continues to forecast a substantial increase in copper concentrate tonnage produced due to the successful implementation of the Mantis continuous motion rig 4 Jumbo Drilling rig," Vast says.
Current stock price: 0.68 pence
12-month change: down 91%
By Tom Budszus; tombudszus@alliancenews.com
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Vast Res (VAST)