Bloomberg reported that Korea Zinc’s (KRX:010130) second quarter profit dropped 6.8 percent.
As quoted in the market news:
Korea Zinc fell 3.5 percent to 378,000 won at the close in Seoul trading, paring its gains to 24.3 percent this year. Korea’s benchmark Kospi index gained 0.8 percent today.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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