Consolidated Zinc Releases Quarterly Activities and Cashflow Reports

Oct. 29, 2018 08:33AM PST

The company reported that during the quarter, mining commenced at Plomosas Mine for total capital cost of US$275,000.

Consolidated Zinc (ASX:CZL) has releases its September quarter activities and cashflow reports, detailing activities at the Plomosas mine in Mexico where mining commenced during the quarter.

As highlighted in CZL’s Activities report:

Mining commenced at Plomosas Mine for total capital cost of US$275,000
Toll treatment and offtake agreements executed with Grupo Mexico (BMV:GMEXICO/B)
Bankable Feasibility Study Completed

On the agreement with Grupo Mexico, the company explained that the Plomosas ore will be processed through Grupo Mexico’s Santa Eulalia concentrator with the resulting zinc and lead concentrates sold to Grupo Mexico in accordance with the terms of the tolling agreements for refining at the San Luis Potosi zinc smelter located in Mexico.

Click here to view the full Consolidated Zinc (ASX:CZL) press release.

Scott Tibballs

Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.

Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.