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Cradle Arc PLC getting to grips with issues at Mowana

Kevin Van Wouw, Cradle Arc Plc’s (LON:CRA) chief executive, believes the miner is now on top of the processing issues that hit copper production at the Mowana mine in Botswana.

The junior ran at a loss in July and August but Van Wouw says sustainable ore supplies are now coming through with the quality and level of recoveries both improving.

As recoveries improve the financial performance will pick up, he says and by the fourth quarter copper production should be back up at 3,000 tonnes of metal with a 70% recovery rate.

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