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AfriTin Mining restarts full scale production at its Uis Tin mine in Namibia

AfriTin Mining Ltd (LON:ATM) CEO Anthony Viljoen tells Proactive its mining operations at the Uis Tin mine have now returned to full scale following the easing of coronavirus lockdown measures in Namibia.

Viljoen says while the lockdown has resulted in delays to planned throughput increases, optimization work has now been resumed to allow the operation to reach design capacity. What's more, Viljoen says an internal review has identified staged modifications that could potentially increase the NPV to US$122mln, and the IRR to 60%.

Quick facts: AfriTin Mining Ltd

Price: 2.15 GBX

AIM:ATM
Market: AIM
Market Cap: £17.49 m
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AfriTin Mining is in a 'very comfortable position' generating £1m revenue...

AfriTin Mining Ltd's (LON:ATM) Anthony Viljoen talks Proactive London through their latest six month report for the period to June 2020. Viljoen highlights the revenue generated - just over £1m during the six month period. He goes on to explain ramping up of production at its Uis mine in...

3 weeks, 4 days ago

2 min read