Posted on 14th October 2020 at 14:19
Sculpted from experience, built for success.
NQ Minerals PLC has filed quarterly production and financial results for its wholly-company, Hellyer Gold Mines Pty Ltd for the quarter ending September 30, 2020.
Lead concentrate production, at 11,865 tonnes of concentrate, was up 35% from the previous quarter and up 78% compared to the same quarter last year.
Zinc concentrate production was up 8% from the previous quarter, at 4,585 tonnes of concentrate, and up 38% compared to the same quarter last year.
Net revenue from Hellyer for the quarter was A$19.1mln and gross profit realised for the quarter was A$10.7mln.
"We are continuing to see much-improved production and revenue performances from NQ's flagship Hellyer polymetallic operations in Tasmania, Australia.
The efforts being exerted by our dedicated management and staff are producing very significant leaps forward with respect to the way Hellyer performs. Our Hellyer focus for this coming quarter is targeted towards furthering our plant output initiatives."
NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania.
Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes.