Ramp7 Aug 2019 11:15
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November 2012 brought its first mine into commercial production. Rambler has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year-round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.
Following the completion of its recent productivity improvement initiative Rambler’s focus is on sustaining mine and mill production at 1,250 metric tonnes per day. With a return to profitability and positive cash flow, Rambler will continue advancing Phase III engineering studies with a view to further increase production to 2,000 dry tonnes per day at the Ming Mine.
Rambler Metals and Mining PLC (LON:RMM) has continued its run of record throughput at its Nugget Pond facility in Newfoundland.
The plant processed 98,411 tonnes of ore from the Ming mine in the three months to March, leading to a 47% increase in saleable copper produced in concentrate and a 70% increase in saleable gold compared to a year ago.
Throughput rose by 20% on average to 1,157 dry tonnes per day (965) with 12 March hitting a new peak of 1,492 dry tonnes in a day.
During the period, Rambler produced 4,797 tonnes of concentrate containing 1,207 tonnes of copper and 1,128 ounces of gold.
Andre Booyzen, chief executive, said: "This last quarter's mine and mill performance has demonstrated the improvements we anticipated when beginning the mining process improvement project in the second quarter of last year.
"We have started work on our new tailings facility and intend to have it completed by Q4 2019, after which it will support production for six years.
"The tailings project includes some critical control components necessary to sustain milling rates in excess of 1,400 dry tonnes per day.”