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Stratex International PLC’s Altintepe to be at full-scale in Q2, says chairman

Christopher Hall, chairman of Stratex International PLC (LON:STI) says it is “gratifying” to see that gold has started to be produced from its Altintepe joint venture in Turkey.

Stratex produced around 600 ounces of gold in the fourth quarter, and he says the company is “in the process of ramping up production to full-scale, which is going to be a minimum of 30,000 ounces per year and may well be more”.

The precious metals firm was held up by poor weather which delayed construction of the heap leach pad, as well as delays in permitting, but Hall says the company has now passed this, and expects full-scale production to be reached in the second quarter of this year.

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