Commercial Productionhttps://www.proactiveinvestors.co.uk/companies/market_reports/49654/company-snapshot-including-pearson-anglo-american-ariana-resources-rambler-metals-mining-strategic-natural-resources-nostra-terra-oil-gas-0000.html
Rambler Metal & Mining’s (LON:RMM, CVE:RAB) Ming copper and gold mine in Newfoundland will be declared in commercial production from November following its running continuously for 60 days, the company revealed today.
Production since May has totalled 7,300 wet metric tonnes, enough for it trigger its agreement with offtake partner Transamine and issue a load readiness notice.
Rambler has produced a concentrate that averages 27% copper, 6 g/t gold and 49 g/t silver, of which 6,225 wet metric tonnes have been invoiced to Transamine at average provisional pricing of US$3.52 per pound copper, US$1,669 per ounce gold and US $30.47 per ounce silver generating US$12.5 million in revenue.
Rambler eventually expects to ship between 9,000 and 10,000 wet metric tonnes of concentrate onto Transamine’s vessel.