TM.v to reduce operating costs by 21% at Kombat Mine Trigon Metals (TSXV: TM) has announced that given recent developments at the Kombat Mine in Namibia, it will be halting operations to revise its plan of attack.
Management has noted marked improvements in grade control and recoveries and is pausing operations to focus the mine plan on this type of mineralization to reduce mine-wide operating costs.
The revised mining plan should dramatically improve operating costs at Kombat. The move to take advantage of the higher grade and more consistent Kavango and Kombat trend mineralization should take operating costs down to $2.60-$2.80/lb of copper, from the $3.30-$3.50/lb forecasts from the original mining plan.
With TM.v currently trading for a bargain, I’m really happy to see this development from the company. A 21% reduction in operation cost is a serious opportunity that should equate to drastically increased margins going forward.
TM.v is currently trading at $.15, valued at $25.45 million.
https://ceo.ca/@businesswire/trigon-revises-mine-plan-to-optimize-production-based