Nambia AIM-listed copper miner Weatherly International successfully achieved nameplate production at its Tschudi operation for the quarter ending 31 December 2015.

Total nameplate production is 17 000 tpa with production for December of 1 420 t of copper cathode.

The first quarter of commercial production at Tschudi delivered production of 4 076 t or 96% of nameplate.

C1 costs for Tschudi for the quarter were US$4 080/t, well below recent guidance of $4 250 – 4 350/t.

"Last year was one of significant operational progress for Weatherly and we are very pleased to continue our track record of meeting or beating guidance at Tschudi, with the operation proceeding well and in line with our plans,” says Weatherly CEO Craig Thomas.

"I am delighted that, as promised in July, Weatherly is now operating a new mine producing 17 000 tpa of high grade copper cathode in the best mining jurisdiction in Africa."

Tschudi production performance

Production results for the second quarter of the financial year 2016:

Quarter ended Mar-15 Quarter ended Jun-15 Quarter ended Sep-15 Quarter ended Dec-15
Total (Ore + Waste) Mined (000 tonnes) 3,327 5,741 6,282 6,489
Ore Tonnes stacked (000 tonnes) 460 637 821 772
Ore Stacked grade (per cent) 0.53 0.61 0.73  

0.83

 

Copper Cathode Produced (tonnes)  

772

(6 weeks)

2,257 3,554 4,076

In October, the company increased its production guidance for CY 2015 by 4% to 10 400 t of copper cathode.  This guidance has been exceeded by a further 2% to reach 10 659 t produced in CY 2015.

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