Hana Mining Drops After Disappointing PEA Results

Bloomberg reported that Hana Mining’s (TSXV:HMG) share price fell after a preliminary economic assessment on its Botswana silver project revealed high operating costs.

As quoted in the market news:

The company published a preliminary economic assessment and updated mineral resource for the Banana Zone and Zone 5 at its Ghanzi copper and silver project after the close of regular trading yesterday. The operation may cost an initial $300.5 million, including pre-production costs, and produce an average of 66.4 million pounds (30,119 metric tons) of copper and 878,000 ounces of silver a year.

Click here to read the full Bloomberg report.