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Pembridge Resources reveals Minto mine is back in production

The ramp-up process is now underway, but, underground blasting and concentrate production activities are underway.

Pembridge Resources -
Blasting work restarted on 13 October

Pembridge Resources Plc (LON:PERE) revealed that the Minto project, in the Yukon, has been brought back into production, with first new concentrates made on 11 October.

The company, in a statement after Wednesday’s market close, told investors that milling operations started on 10 October. The schedule sees the mill operating in alternating two-week phases – two weeks on, two weeks off – until a sufficient amount of underground mining has taken place to raise monthly capacity.

READ: Pembridge Resources making progress on all fronts

Underground blasting started on 13 October and some 32,279 tonnes of ore is expected to be blasted over the next seven days.

"I am incredibly proud of the team at Minto who have worked tirelessly in getting Minto back into production,” said Gati Al-Jebouri, Pembridge chief executive.

“This is the first step in ramping up Minto to its full capacity, generating value for the employees of Minto Explorations Ltd, the Selkirk First Nation, Pembridge shareholders and the Yukon.

“The Pembridge team are committed to operating safely, efficiently, with consideration for the environment and cost effectively with the long term aim of extending the life of the mine and realising the full potential that the Minto has."

Quick facts: Pembridge Resources PLC

Price: 4.9 GBX

Market: LSE
Market Cap: £3.71 m

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on 26/10/20

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