Trigon achieves first full quarter production
The Kombat mine achieved first full quarter production with underground contribution in quarter one for fiscal year-end in 2025, marking a major inflection point for Trigon Metals.
First quarter copper production was 2 302 726 pounds at cash costs of US$3.23 per pound of copper produced. Silver production during the quarter was 33 399 ounces.
Net loss attributable to the shareholders of Trigon of US$2.1 million, or US$0.05 per share on a basic and diluted basis, compared to a net loss of US$2.95 million, or US$0.02 per share in the three months ended 30 June 2023 on a basic and diluted basis.
Following excellent operating performance at the Kombat mine during the quarter, Trigon reaffirmed all other 2025 fiscal year-end production and cash cost guidance ranges.
Grade is king
Jed Richardson, CEO and executive chairperson of Trigon, said it was important for the company to achieve favourable grades.
“Grade is king at Kombat. Our first full quarter of contribution from our high grade underground is demonstrating the profitability at the mine. Achieving solid copper and silver production driven by favourable grade reconciliations have continued into the second quarter,” he said.
“This trend has allowed us to maintain our full-year copper and silver production guidance, which we expect will translate to achieving the lower end of our fiscal year 2025 cash cost guidance,” he added.
At the Kombat mine, the first quarter was marked by several record-breaking underground mining days. Underground ore tonnes mined for the quarter totalled 57 070 tonnes at an average grade of 2.05%, and open-pit production of 29 715 tonnes at an average grade of 1.23%. A total of 70 483 tonnes were milled during the quarter at a 1.67% average grade, resulting in the production of 1 045 tonnes of copper.
First quarter copper production was 2 302 726 pounds at cash costs of US$3.23 per pound of copper produced. Silver production during the quarter was 33 399 ounces.
Net loss attributable to the shareholders of Trigon of US$2.1 million, or US$0.05 per share on a basic and diluted basis, compared to a net loss of US$2.95 million, or US$0.02 per share in the three months ended 30 June 2023 on a basic and diluted basis.
Following excellent operating performance at the Kombat mine during the quarter, Trigon reaffirmed all other 2025 fiscal year-end production and cash cost guidance ranges.
Grade is king
Jed Richardson, CEO and executive chairperson of Trigon, said it was important for the company to achieve favourable grades.
“Grade is king at Kombat. Our first full quarter of contribution from our high grade underground is demonstrating the profitability at the mine. Achieving solid copper and silver production driven by favourable grade reconciliations have continued into the second quarter,” he said.
“This trend has allowed us to maintain our full-year copper and silver production guidance, which we expect will translate to achieving the lower end of our fiscal year 2025 cash cost guidance,” he added.
At the Kombat mine, the first quarter was marked by several record-breaking underground mining days. Underground ore tonnes mined for the quarter totalled 57 070 tonnes at an average grade of 2.05%, and open-pit production of 29 715 tonnes at an average grade of 1.23%. A total of 70 483 tonnes were milled during the quarter at a 1.67% average grade, resulting in the production of 1 045 tonnes of copper.
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