This article is 8 years old. Images might not display.
The junior began mining ore at Teal this week and said at the time it was expecting to net about $A8.6 million cash in 2017 from the production of 15,567 ounces from a venture that sees it hauling ore for toll treatment at the nearby Paddington processing plant owned by Zijin.
Teal’s resource stands at 2.27 million tonnes grading 2.18 grams per tonne for 159,386oz, while the nearby Peyes Farm and Jacques Find deposits take the total resource to 4.95Mt at 2.24gpt for 356,000oz.
Intermin started 2017 with $3.5 million cash.
Shares in Intermin were unchanged at 12c in early trade, capitalising the company at $24 million.
The stock peaked at about 16c last August, and was trading at levels around 7-8c 12 months ago.
The company last raised funds back in September, when $4.7 million was received from investors who bought shares priced at 12c.
