https://www.miningweekly.com

Panoramic increases production forecast

24th July 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Nickel miner Panoramic Resources has increased its production forecast for 2014 after setting a new quarterly production record and exceeding its 2013 production expectations.

Panoramic reported that nickel in concentrate production during the quarter reached 5 619 t, a 19% increase on the previous quarter’s production. Group production for the full year was 19 561 t of nickel in concentrate, which was above the guidance of between 18 500 t and 19 000 t.

The yearly production was also the second-best yearly production result since production started in 2005.

The miner noted that production at the Savannah project was above budget during the quarter, with the project producing 180 192 t of ore and the mill treating 178 000 t of ore. Contained nickel in concentrate from the Savannah project reached 2 366 t for the three months to June, up 24% on the previous quarter.

At the Lanfranchi project, production for the quarter under review was up by 16% to 3 253 t of contained nickel, with the operation setting a new quarterly production record.

Panoramic told shareholders that with the recent production increases, the miner had now upped its 2014 production forecast from between 19 000 t and 20 000 t, to between 20 000 t and 21 000 t.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.094s - 110pq - 2rq
Subscribe Now