RE: RNS9 Aug 2021 08:10
Michael Masterman, Chairman of W Resources, commented: "We are delighted to report continued progress in production at La Parrilla in July, following the significant activity at the mine over the past months. Production for July is the highest to-date with tungsten concentrate production some 43% greater than June 2021. This is a trend we are seeing continue into August 2021 as we work towards reaching our target of 1,000t of concentrate in 2021; with a clear focus of increasing the production run-rate towards our T2 Target of 675t per quarter.
"Whilst we remain a low-cost producer, we are also benefitting from strong commodity pricing which continues to gain traction with tungsten tipping over US$300 per mtu and tin prices remaining very strong at over $32,000 per tonne."