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Pembridge Resources says first shipment of copper concentrate from its Minto mine to Japan has now left port

Gati Al-Jebouri, the group's chief executive officer and chairman said: "This is an important event for the Minto mine, both commercially and symbolically"

Copper wire
Pembridge acquired Minto from Capstone Mining Corporation in June 2019 and restarted operations in October 2019

Pembridge Resources PLC (LON:PERE) has announced that the first shipment to Japan of copper concentrate from its Minto mine in Yukon Canada has now left the port of Skagway. 

In a statement, the group said that the news is a major landmark since the re-opening of the Minto mine last year, with the copper concentrate shipment representing mine's production since re-opening until the end of March.

READ:  Pembridge Resources hails encouraging first quarter results from Minto mine

Gati Al-Jebouri, Pembridge’s chief executive officer and chairman commented: "This first shipment of copper concentrate is now on its way to Sumitomo in Japan.  This is an important event for the Minto mine, both commercially and symbolically. 

“Re-starting mine operations has been an important step in the plan for realizing Minto's value, although challenged by the latest COVID-19 developments.  This landmark event shows the strength of the team at Minto and with the support of our partners, the ability to meet targets set."

Minto operates the underground copper-gold-silver mine located in central Yukon, approximately 240 kilometres north of the capital Whitehorse along the Klondike Highway.

In excess of US$350 million of capital expenditure has been invested into Minto operations since site construction began in 2006.

The Minto mine was in continuous production between 2007 and 2018, when the mine was placed onto temporary care and maintenance.

Pembridge acquired Minto from Capstone Mining Corporation in June 2019 and restarted operations in October 2019.

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Price: 3.75 GBX

LSE:PERE
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Market Cap: £2.79 m
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