Meridian Mining SE (TSXV:MNO) announced Q1 2018 production and sales results for Meridian’s high-grade manganese project located in the state of Rondônia, in North-Western Brazil.
Highlights are as follows:
- Produced 11,333 metric tonnes
- Sold 21,576 metric tonnes
- Completed the trommel upgrade at the Rio Madeira Plant
Meridian more than doubled production output producing 11,333 metric tonnes (Mt) of manganese product in the first quarter of 2018 versus 5,530 Mt in the first quarter of 2017.
Sales increased 67 percent over the prior year period. In the first quarter of 2017 Meridian sold 12,921 Mt of manganese versus 21,576 Mt in the first quarter of 2018.
Anthony Julien, president & CEO, commented:
Despite intense rainfall events affecting the extraction and transport of material and the closure of Rio Madeira plant to allow a replacement trommel to be installed, production has still achieved its first quarter targets. This has been a testing time for the team but with the end of the wet season in sight, production will benefit from the upgrades in infrastructure and equipment.
We are now positioned to capitalise on an increasing demand for high quality manganese utilising our enhanced capacity.
Click here to read the full Meridian Mining SE (TSXV:MNO) press release.