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TSX-V:TSN

Telson Mining Corporation

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Market:
TSX-V
Market Cap:
$43.84 m
Price
0.25 CAD
Change
0.00%
52 weeks high
0.28
52 weeks low
0.04

In brief

Telson Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver and base metal mining projects. 

Telson's Tahuehueto mining project, located in north-western Durango State, Mexico is currently under construction having advanced to approximately 70% completion and waiting for final funding to finish construction of the processing plant and related assets to produce gold, silver, lead and zinc in concentrates within its own on-site mineral processing facility, with a designed capacity of at least 1,000 tonnes per day. The Company is targeting completion of construction during 2020, six to eight months after securing final funding.

Campo Morado is a polymetallic base metal mine with mining and milling equipment capable of producing up to 2,500 tonnes per day. Four months after purchasing Campo Morado, Telson brought the mine back into operation initiating preproduction in October 2017 and declared commercial production in May 2018, operating the mine continuously for 22 months until August 2019 when the project was put on care and maintenance as a result of declining zinc prices and community issues.  With improving conditions Telson brought the mine out of care and maintenance and reinitiated mining and milling operations during January 2020.

Snapshot

Telson's flagship asset is the 7,500 hectare Tahuehueto gold mine where construction is 70% complete