Zinc

CSE:PSE

Pasinex Resources Limited (CSE:PSE,FSE:PNX) announced the completion of another lot sale of 1,556 tonnes wet weight (1,463 tonnes dry weight) of high grade zinc mineral material (at approximately 38% Zn) from the Pinargozu zinc mine in Adana province, Turkey.

Pasinex Resources Limited (CSE:PSE,FSE:PNX) announced the completion of another lot sale of 1,556 tonnes wet weight (1,463 tonnes dry weight) of high grade zinc mineral material (at approximately 38% Zn) from the Pinargozu zinc mine in Adana province, Turkey.
This lot represents a doubling of tonnage produced and over 1,200,000 lbs of contained zinc metal. The Pinargozu mine is included in the 50-50 company, Horzum Arama Isletme AS (Horzum AS), which is a corporate joint venture (JV) between Pasinex and Turkish mining house, Akmetal Madencilik San ve Tic. AS (Akmetal AS).
Pasinex Resources President and CEO, Steve Williams, stated:

With this latest lot sale, we continue to improve the stability and predictability of our operation. By doubling mine production to approximately 60 tonnes per day, the Horzum AS JV company is in a cash flow positive scenario, which is where every mining company wants to be – and we’re there! An advancing zinc price and our increase in tonnes produced is a great way to begin our second full year of production.

Connect with Pasinex Resources Limited (CSE:PSE,FSE:PNX) to receive an Investor Presentation.

MARKETS

Markets
TSX18861.36-217.28
TSXV617.26-9.08
DOW30775.43-253.88
S&P 5003785.38-33.45
NASD11028.74-149.16
ASX6568.10-132.10

COMMODITIES

Commodities
Gold1805.19-1.68
Silver20.21-0.05
Copper3.67-0.04
Palladium1931.50+9.50
Platinum898.00+1.00
Oil106.13+0.37
Heating Oil3.86+0.03
Natural Gas5.72+0.30

DOWNLOAD FREE REPORTS

×