Trigon Metals Announces May 2024 Production Highlights and Provides FY2025 Guidance
All amounts in US dollars, unless otherwise noted
At the Kombat mine,
Further to the announcement of Commercial Production from the underground mine (see press release dated
Financial Year 2025 Guidance
The Company’s focus for FY2025 remains on underground production from the Asis West underground complex. Underground production is expected to amount to between 250,000 and 280,000 ore tonnes mined for the year, at an average grade between 1.95% and 2.3% copper. From the ore mined, Trigon projects its copper metal production to range between 5,500 tonnes (12.1 M lbs) and 6,100 tonnes (13.4 M lbs) for the year.
Cash costs are expected to be an average of
|
|
Q1 Guidance |
FY 2025 Guidance |
||
Description |
Unit |
Floor |
Ceiling |
Floor |
Ceiling |
Underground Mining |
tonnes |
52,000 |
55,000 |
250,000 |
280,000 |
|
% |
1.90% |
2.15% |
1.95% |
2.30% |
Processing |
tonnes |
67,000 |
71,000 |
260,000 |
312,000 |
Copper Produced |
tonnes |
1,000 |
1,150 |
5,500 |
6,100 |
Copper Produced |
lbs |
2,205,000 |
2,535,000 |
12,125,000 |
13,448,000 |
C1 Cash Cost |
$/lbs |
3.35 |
2.75 |
3.15 |
2.80 |
Upcoming Investor Webinar
The Company is also pleased to announce that Executive Chairman,
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Qualified Person
The technical information presented in this press release has been reviewed and approved for disclosure by
Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the company has operations in
The complete NI 43-101 technical report associated with the Feasibility Study and updated mineral resources and reserves estimates is available on SEDAR+ at www.sedarplus.ca under the Company’s issuer profile, as well as the Company’s website at www.trigonmetals.com.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the
Neither
View source version on businesswire.com: https://www.businesswire.com/news/home/20240613508321/en/
For further information, please contact:
+1 647 276 6002
IR@trigonmetals.com
Website: www.trigonmetals.com
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