Mining company Metminco has reported an increase in its mineral resource at the Mollacas copper project, putting the total estimate at 34.3m tonnes containing 131,749 tonnes copper and 176,408oz gold.
The estimate for the oxide and secondary sulphide zone is 15.5m tonnes containing 79,111 tonnes copper and 63,663 ounces gold, while for the transitional and primary sulphide zone the estimate is 18.8m tonnes, containing 52,638 tonnes copper and 112,745 ounces gold.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
