Gibraltar UpdateFrom the press release:
“Recent flooding in southern British Columbia has not had any impact on production at the Gibraltar Mine, but damage to rail and highway infrastructure has prevented transportation of copper concentrate to the Port of Vancouver over the last two weeks. Rail service is now resuming and is expected to gradually return to normal, but the recent disruptions will impact fourth quarter sales volumes which could be significantly lower than copper production for the period. Any excess concentrate inventory at year-end will be sold in the first quarter of 2022.”
With the strike issue now officially behind us, along with the above captioned production update, I'm not overly concerned about Gibraltar at this point. While Q4 sales will defintely be impacted, the actual production is obviously more important. Considering Mother Nature beat the area up big time, things could definitely be worse.