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General mining & base metals

Vast Resources completes concentrate sale from Baita Plai mine as planned

It plans to release its next quarterly production and sales volume figures in January 2022

Vast Resources PLC (AIM:VAST) completed the sale of concentrate from its Baita Plai polymetallic mine in Romania to its offtake partner as planned.

The concentrate sale was announced on October 28 when the company also said it raised a gross £1.35mln through a placing that it will use to cover a shortfall in working capital and for contingencies.

The company plans to release its production and sales volume figures for the quarter to end December 2021 in January 2022.

The AIM-listed company announced in October that its plans for higher production volumes at Baita Plai had been delayed as a result of labour shortages, geo-technical challenges, supply chain issues and Coronavirus (COVID-19) prevention measures.

READ: Vast Resources says Baita Plai production increase delayed but mine on target for profit by end-2021

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