viewVast Resources PLC

Vast boosts production in Romania and Zimbabwe

Production continues to come in strong from Vast's operations in Romania and Zimbabwe

Vast's plans to boost cashflow are beginning to bear fruit

Vast Resources PLC (LON:VAST) enjoyed a record third quarter, as operations at the Manaila polymetallic mine in Romania and the Pickstone-Peerless gold mine in Zimbabwe outperformed the previous quarter in terms of tonnes mined, tonnes milled, copper concentrate produced and gold produced.

At Manaila there was a 31% increase in copper concentrate produced, although grade dropped marginally. Zinc production fell, but gold production rose.

At Pickstone-Peerless, in which Vast holds a 25% stake, ore mined and milled hit their highest levels since June 2016.

Gold production by 17% increased to 4,738 ounces.

“It is pleasing to be able to report improved quarterly production statistics as the Company strives to become overall cash generative,” said chief executive Roy Pitchford.


Quick facts: Vast Resources PLC

Price: 0.195 GBX

Market: AIM
Market Cap: £20.03 m

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