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CAML announced that its Kounrad copper recovery plant in Kazakhstan produced 4,146 tonnes of copper in Q3 2021

28.Oct 2021.

Central Asia Metals (AIM: CAML) today announced that its Kounrad copper recovery plant in Kazakhstan produced 4,146 tonnes of copper in Q3 2021, which brings output for the first nine months of 2021 to 10,360 tonnes.

The company added that at its Sasa zinc-lead mine in North Macedonia, mined and processed ore in Q3 2021 were 200,820 tonnes and 203,043 tonnes respectively, bringing the total for the first nine months of 2021 to 614,807 tonnes of ore mined and 626,906 tonnes of ore processed.

The average head grades for the quarter were 3.30% zinc and 3.64% lead, and for the first nine months of the year were 3.19% and 3.54% respectively. The average metallurgical recoveries marginally increased during the period to 85.1% for zinc and 93.4% for lead.

Accordingly, the company noted that its Q3 2021 payable production of zinc was 4,827 tonnes and of lead was 6,580 tonnes, bringing total payable production for the nine-month period to 14,313 tonnes of zinc and 19,697 tonnes of lead.

The company also reported that during the first nine months of 2021, Sasa sold 238,535 ounces of payable silver to Osisko Gold Royalties, in accordance with its streaming agreement.

CEO Nigel Robinson commented, “I am pleased to report strong production from both of our operations during Q3 2021. At Kounrad, we remain on track to meet the top end of our production guidance, and at Sasa, we have reported improved zinc and lead grades for the period, which have resulted in higher metal production than the previous quarter. We expect this trend to continue into Q4, although 2021 production for lead may be in the order of 5% below our guidance”.

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia.