Vast Resources reports solid quarter

Vast Resources (VAST), a mining company with operations in Romania and Zimbabwe, said the three months ended 30 June was a solid quarter for the company.

Operations at the Manaila Polymetallic Mine in Romania and the Pickstone-Peerless Gold Mine in Zimbabwe improved significantly over the previous quarter in terms of tonnes mined, tonnes milled and overall production profile.

Performance post period end has also been encouraging at both mines, the company said.

In Manaila, there was a 41% increase in tonnes of ore mined, 54% increase in tonnes of ore milled and 57% increase in copper concentrate produced.

The copper concentrate grade was maintained above the 18% threshold at 18.2%.

There was a 19% increase in zinc concentrate produced and a 51% increase in zinc concentrate grade.

At Pickstone-Peerless, production recovered from the slowdown in open-pit mining operations driven by the high rainfall experienced during the first quarter.

There was a 33% increase in tonnes of ore mined, 15% increase in tonnes of ore milled and 36% increase in gold production.

At 9:19am:

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