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Pembridge Resources reveals solid copper production from Minto during second quarter

Production recently restarted at the Minto copper mine in the Yukon

Pembridge Resources PLC -

Pembridge Resources PLC (LON:PERE) said the Minto copper mine in the Yukon, Canada, which it partially owns, produced 6,820 wet metric tonnes of concentrate during the second quarter of 2020.

Payments of US$9.8mln were received by Minto from its major customer Sumitomo, it added. The next shipment to Japan is planned before the end of the third quarter, based on current production levels.

In a statement, Gati Al-Jebouri, Pembridge's chief executive officer and chairman of the board commented: "I am pleased that Minto's team has managed to maintain operations and production during Q2 in line with Q1 production."

He noted that Minto has managed effectively the difficulties arising from the coronavirus and is “set to grow its operations” in the second half of this year, as the world economy starts to recover. 

“Although the quarantine restrictions have affected operations, they are a necessary measure that should enable the mine to continue operating safely as long as Yukon Government regulations permit this and the safety of all staff working at the mine is not compromised," Al-Jebouri added.

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Price: 3.75 GBX

LSE:PERE
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