PROJECT FINANCE

ConsZinc starts up Plomosas

CONSOLIDATED Zinc says it will start small-scale mining immediately at its majority-owned Plomosas mine in northern Mexico after securing funding, mainly from chairman Stephen Copulos, and an offtake agreement with the country’s largest miner.

Tres Amigos massive sulphide on Level 5 prior to first mining cut.

Tres Amigos massive sulphide on Level 5 prior to first mining cut.

The company is confident it can achieve first cashflow for a capital cost below US$500,000 and it expects C1 operating costs to be less than 50c/lb zinc after by-product credits. Earlier this month,...

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