- Trigon Metals (TSXV:TM), a Canadian copper stock, has produced its first copper concentrate with standout results at its Kombat Mine in Namibia
- The concentrate graded at 33.5 per cent copper with copper recovery of 79.52 per cent
- Trigon Metals is a Canadian exploration and development company focused on copper and silver holdings in mine-friendly African jurisdictions
- The Canadian copper stock (TSXV:TM) is up by 2.56 per cent, trading at $0.20 per share
Trigon Metals (TSXV:TM), a Canadian copper stock, has produced its first copper concentrate with standout results at its Kombat Mine in Namibia.
The milestone occurred on Aug. 18 at the property’s 1,000-tonne-per-day mill. The first full day of concentrate production Aug. 21 processed 436 tonnes of ore, with the company targeting 70 per cent of production capacity by the end of September.
Plant performance statistics on first complete day of concentrate production (Aug. 21, 2023)
| Plant Performance |
Actual |
| Jaw Crusher Throughput (t) |
436 |
| Jaw Crusher Feed Rate (tph) |
24 |
| Mill Throughput (t) |
457 |
| Mill Feed Rate (tph) |
25 |
| Feed Grade (%) |
0.72% |
| Concentrate Grade (%) |
33.53% |
| Tails Grade (%) |
0.15% |
| Copper Recovery (%) |
79.52% |
Source: Trigon Metals.
Management highlighted how the results are more impressive given the use of lower-grade feed material (average grade of 0.73 per cent copper) rescued from waste. The concentrate exceeded the company’s expected grade of 20 per cent, with recoveries harboring the potential to rise with higher-grade feed.
The higher the grade of the concentrate, the greater the profits that will accrue to Trigon because of lower shipment and treatment charges per pound of copper produced.
The company’s stockpiles now total 27,000 tonnes of ore averaging just under 1.2 per cent copper, representing one month of feed supply.
“The mill is performing very well. This level of efficiency on our starter feed puts us in an excellent position as we start to feed our target grades,” Fanie Müller, Trigon VP operations and Kombat Mine manager, said in a statement.
Trigon Metals is a Canadian exploration and development company focused on copper and silver holdings in mine-friendly African jurisdictions.
Trigon Metals (TSXV:TM) is up by 2.56 per cent, trading at $0.20 per share as of 10:25 am ET. The Canadian copper stock is up by 33.33 per cent over the past year.
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