Good press release.....My highlights from this morning's press release:
"The El Mochito mine milled 58,978 tonnes of ore in August averaging 1,903 tpd, an increase from 1,853 tpd in July and the second quarter average of 1,733 tpd. This reflects a 53% increase in ore throughput per calendar day per month since January 2017."
"The Company has further ordered five new trucks, two new scoops, two jumbo drills and two rock bolters from Sandvik for delivery over the next ten months."
"With the ongoing benefits from operational improvements and the introduction of new mining equipment management remains confident of continuing its 2017 ramp up in ore production."
Plus quoting the CEO Chris Buncic:
“Near-term improvements in head grade are expected from several conventional sections that are being developed to enter the production schedule imminently, and our exploration program is well underway, with further results expected soon”.
I generally avoid mining companies that are narrowly focused (one operation, particularly in a jurisdiction I don't thoroughly understand), but this is an exception I've made. Plus relatively few choices when it comes to zinc....