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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Post by AlfTanneron Aug 22, 2024 10:15am
159 Views
Post# 36191638

Q1 report looks good to me

Q1 report looks good to meThey reported a loss of $2.2M, but $2.1M of that was from "Change in fair value of warrant liability" and "Accretion expenses".  So basically, the company reached breakeven in Q1.  They seem to be reaching all their goals and ramping up the underground mine on schedule.  The UG grade was 2.05%, but the life of mine grade is expected to be 3.16%, so grades should increase as the mine is developed.

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