Rambler reports rising precious-metals grades in copper concentrate shipments
TORONTO (miningweekly.com) – TSX-V-listed Rambler Metals & Mining has shipped its eleventh consignment of copper concentrate from its Ming copper/gold mine, in Baie Verte, Newfoundland and Labrador, reporting increased precious-metals grades on Wednesday.
The 5 250 wet metric tonnes (wmt) shipment had an average grade of 27% copper, 12 g/t gold and 87 g/t silver and brought the copper concentrate shipped from the company's Goodyear's Cove facility to about 70 000 wmt since commercial production was declared in 2012 at Ming.
Rambler noted that the concentrate shipment was a high-quality product “with little in the way of deleterious materials”.
Analysts at SP Angel noted that while the copper grades remained consistent, the precious metals grades were somewhat higher than those reported for other recent shipments by Rambler. Its May shipment graded at 27% copper, 9 g/t gold and 68 g/t silver, while its December shipment comprised 27.2% copper, 8 g/t gold and 58 g/t silver.
“These improved precious metals grades should provide a modest mitigation of [the] recent copper price weakness,” SP Angel partner John Meyer said in a note to clients.
Rambler had been advancing discussions with a selection of financing partners, focusing on debt-type financing arrangements of up to $25-million, to mainly cover working capital shortfalls as the company progressed its optimisation plan for its cornerstone Ming mine.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation