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Telson Mining looking to maximize potential profit as Campo Morado mine comes back online

The mill produced around 3,200 tons of zinc concentrates and 636 tons of lead concentrates to average around 1,900 tons throughput per day over 22 days back in operation

lead zinc
Average recoveries achieved were 71.7% zinc, 32.2% lead, 45.4% silver and 13.1% gold

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) said Tuesday that its flagship Campo Morado mill in Mexico has processed nearly 41,000 tons of material since being brought back online in January 2020.

The Vancouver-based miner’s mill produced around 3,200 tons of zinc concentrates and 636 tons of lead concentrates to average around 1,900 tons throughput per day over 22 days back in operation.

For eleven of those days, the mill exceeded 2,000 tons per day and maxed out at a rate of 2,193 tons per day, Telson CEO Ralph Shearing told investors in a release.

READ: Telson Mining Corp restarts mining operations at Campo Morado in Mexico

Campo Morado is a polymetallic base metal mine with mining and milling equipment capable of producing up to 2,500 tons per day. The project was put on care and maintenance in August 2019 as a result of declining zinc prices and community issues, but Telson reinitiated mining and milling operations in January as commodity prices improved.

Over the 22-day period back in operation, average grades of concentrate produced reached 46.3% zinc, 498 grams per ton silver, and 0.9 grams per ton gold, while lead concentrate processed reached 21.7% lead, 4.6% copper, 636 g/t silver and 3.7 g/t gold.

Average recoveries achieved were 71.7% zinc, 32.2% lead, 45.4% silver and 13.1% gold.

"Production continues with a markedly reduced workforce and all efforts are being made to minimize site costs to maximize potential profit in the current base metal markets,” CEO Shearing told investors in a statement.

The miner also owns the Tahuehueto project in Durango State, Mexico, which is currently under construction.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Telson Mining Corporation

Price: 0.07 CAD

TSX-V:TSN
Market: TSX-V
Market Cap: $11.13 m
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Full interview: Telson Mining prepares to restart Campo Morado in Mexico

Telson Mining (CVE:TSN) President Ralph Shearing joined Steve Darling from Proactive Vancouver to discuss a major update from their operations in Mexico. Shearing telling Proactive they’re planning to restart the Campo Morado mine. Shearing told Proactive what the timeline to restart will...

on 14/1/20

2 min read