Next quarter should be game changer27 Oct 2020 16:20
In Q3 2020, the team implemented a shift pattern of three days a week which created sufficient time to complete the important plant works and this has paid dividends as the resulting improvements in production and the stability achieved at the plant improved substantially in September 2020. The team at La Parrilla moved to a four day working week in October and will move to five days a week later in Q4.
Michael Masterman, Chairman of W Resources, commented: "Noting the plant improvements achieved in Q3, we are extremely encouraged by the September performance, which is a strong indicator for plant performance and production in Q4. The works are proving successful, production is increasing and the superior quality of tungsten has been commended by one of our largest customers.
"With the improvements achieved in the quarter and the great support BlackRock continues to provide the Company, following the recently increased debt facility, we remain focussed on increasing production month on month, in order to start 2021 in a stronger position as we work towards achieving our T2 target production."