On December 12, 2018, Consolidated Zinc Limited (ASX: CZL) came forward and made an announcement about the production it had achieved for the month of November 2018. As per the announcement made, the company ended November 2018 with ore production that stood at 1,582 tonnes. With regards to the grades, it was 1.4% lead while 9.0% Zinc. On the YTD or year-to-date basis, the figure stands at 2,603 tonnes. The company had provided an update for the Plomosas Mine which happens to be in Mexico. The press release stated that the significant ore production was achieved at the times when the equipment availability was not adequate and was lesser as compared to the expectations.
The press release also contained the views for the month of the December which were positive. There are expectations from the management of the company that mechanical availability would be much better in the month of December 2018 which would significantly support the ore production. Apart from this, the management also stated that low profile haul truck as well as scoop tram would be supporting the production levels for the month of December 2018 month.
In November 2018, the company had also made an announcement in regard to its CFO or chief financial officer and CS or company secretary. The company stated that, through the issue of press release, Mr. Anthony Italiano would be acting as well as would be taking the role and responsibilities of the CFO and act as CS. This new CFO as well as CS happens to have strong experience of more than 15 years when it comes to mining sector mainly in the Africa, Australia as well as North America. Mr. Anthony Italiano has significant knowledge when it comes to operations, corporate governance, commodity marketing, financing as well as trading because of the range of projects as well as transactions that he had already worked upon. It would also be important to note that Mr. Anthony Italiano would be placed in the space of Mr. Andrew Beigel as Mr. Beigel was serving the post of CFO.
In November 2018, the company also released the investor presentation in which it stated that Consolidated Zinc Limited can be considered as growth stock. The presentation also details future plans which the company would be initiating. Firstly, they have plans to raise the production levels as well as mine life. Secondly, the company is focusing towards enhancing the resources with the help of mine as well as regional exploration. Finally, the company would also be looking for the opportunities in regard to the acquisitions.
Let us now have a look at how the stock has performed today. As we write, the stock is witnessing a strong momentum and is currently trading at A$0.019 per share which implies an increase of A$0.001 per share or 5.556% (2:50 PM AEST on December 12, 2018). The market capitalisation of Consolidated Zinc Limited stood at $17.69 million. In the time-span of previous three months, the stock has delivered the return of 38.46%.
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