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Strategic Minerals plc smashing new records at Cobre

Strategic Minerals plc (LON: SML) has updated investors on the company's operations at its Cobre magnetite mine in New Mexico.

Among the highlights, domestic sales of magnetite for 2016 of $1,551,930 (25,385 short tons) set a new record and reflected a 24% increase in sales over 2015.

CEO John Peters tells Proactive: ''We've had quite a bit of increase in our sales activity and it appears there's no reason why that's going to abate going into 2017 ... that coupled with the settlement on the rail we've had has provided us with a really good position''.

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