Pembridge Resources Plc releases Q4 updates for Minto Explorations Ltd

  • Jan 09, 2020 GMT
  • Team Kalkine
Pembridge Resources Plc (LON: PERE) has released an update from Minto Explorations Ltd and the operations at the Minto mine for Q4 2019.
  • The company has reported that the December copper in concentrate production improved by 57 per cent month-on-month.
  • US$7.1 million has already been received in payments for production in October and November, pursuant to the offtake agreement between Sumitomo Canada Limited and Minto, where Minto receives a 90 per cent provisional payment for the copper concentrate produced at end of every month.
  • On 9th January 2020, at the time of writing, GMT 08:00 AM, PERE shares were trading at GBX 15.75, up by 0.50 points or 3.28% against the previous day closing price.

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