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Bullboard - Stock Discussion Forum Midnight Sun Mining Corp. V.MMA

Alternate Symbol(s):  MDNGF

Midnight Sun Mining Corp. is a Canada-based exploration company. The Company is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambian Copper Belt. It holds a 60% interest in two mineral exploration licenses, 21509-HQ-LEL and 12124-HQ-LPL, (the Solwezi Licenses), which are held by subsidiary of Kam Chuen, Zambian Highlight... see more

TSXV:MMA - Post Discussion

Midnight Sun Mining Corp. > Article: FQM achieves its highest ever annual copper product
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Post by Sherry35 on Oct 27, 2022 2:02pm

Article: FQM achieves its highest ever annual copper product

This article bodes well for MMA's permits. Note the mention of lower grades.


FQM Jan 2022 Production Article

Meanwhile Kansanshi Mine in Solwezi achieved copper production of 202,000 for the full year, 19,000 lower than 2020, reflecting the depleting oxide ore in the maturing mine and that copper production in the fourth quarter of 2021 was 52,000 tonnes, a reduction of 1,000 tonnes from the same period of 2020 because of lower grades and oxide recoveries.

Plans to invest in additional production facilities to process lower grade ore were contingent on a more favourable fiscal regime, the company has said previously.

Copper and nickel production are forecast to grow to 850,000-910,000 tonnes and 40,000-50,000, respectively, by 2024, while capital cost guidance has increased to $1,250 million in 2023 and 2024 and $1,375 million in 2024, principally due to inflationary pressures.

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