Rambler Metals, the copper and gold producer based in Canada, said it was making steady progress at its Newfoundland and Labrador sites.
In a project update the firm said it had seen increases in head grade, copper recovery and throughput month over month.
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
The average milling throughput has been steadily increasing from 678 metric tonnes per day (mtpd) in June to an average of 706 mtpd in July and August.
It said run of mine head grade had also increased from 2.40% copper equivalent to 2.76% and 3.83% for the same period.
Copper recovery has been consistent, averaging 91% for the month of August, producing a clean concentrate grading between 22% and 32% copper
To date, they firm has around 4,500 wet metric tonnes of copper concentrate are in storage awaiting shipment.
"The mill is working as designed with a quality concentrate product produced consistently," said Chief Executive George Ogilvie.
"Development at the mine is returning encouraging stoping grades and as we set up additional stoping levels our run of mine head grade to the mill should continue to improve."
-
5 ways your boss can help boost your pensionWorkplaces have a huge opportunity to make employees more aware of their pension options throughout their career – here’s how your employer can help boost your pot to help give you a more comfortable retirement
-
Car finance compensation: FCA warns drivers against using rip off claims firms for share of £18bnThe FCA estimates most eligible motorists will receive around £950 in compensation per agreement – and said they won’t need a claims management company or law firm to access a redress scheme
