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  • January 10, 2022
  • Industry News
Pembridge to boost copper output at Minto mine

Pembridge Resources (LON: PERE) said on Friday that 2021 copper production at its Canadian subsidiary Minto Metals (CVE: MNTO) jumped 46%, and that it has deferred a $5 million payment to Capstone Mining, the company from which it bought the Minto mine in 2019.

The Minto copper-gold-silver mine churned out 26 million pounds of copper last year, compared with 17.8 million pounds produced in 2020. The Yukon-based operation also yielded 11,783 ounces of gold and 135,354 ounces of silver in 2021.

This year, Pembridge expects the mine to produce between 28 million and 31 million pounds of copper, operating at an average throughput of 3,000 tonnes a day for the first half of 2022 and 3,250 tonnes a day for the second half.

Read the full story from Mining.com HERE

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