Consolidated Zinc (ASX:CZL) - Managing Director, Brad Marwood
Managing Director, Brad Marwood
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Consolidated Zinc (CZL) reveals production at the Plomosas Mine in Mexico has been significantly disrupted, resulting in only five operating days for the month
  • Disruptions include rising water levels due to installation and operating issues with the pumping equipment, a generator fire and third-party servicing issues
  • Additionally, investigations are continuing regarding the concrete theft announced in mid-November when 90 tonnes of concrete, valued at US$90,000 (A$1.23 million), was taken
  • As a result of these disruptions, ore processed for the December quarter is expected to be roughly 40 to 45 per cent lower than the previous quarter
  • Shares in Consolidated Zinc are steady on the market and are trading at three cents

Consolidated Zinc (CZL) has revealed production at the Plomosas Mine has been significantly disrupted, resulting in only five operating days for the month.

The Plomoas mine spans an area of more than 3000 hectares in the northern Mexican state of Chihuahua.

It has been mined since 1943 to a depth of roughly 270 metres below surface and work indicating more than six kilometres of prospective stratigraphic horizon.

Disruptions include rising water levels due to installation and operating issues with the pumping equipment, a generator fire and third-party servicing issues.

Consolidated Zinc is in the process of investigating, mitigating and eliminating the causes of the equipment damage.

Additionally, investigations are continuing regarding the concrete theft announced in mid-November when 90 tonnes of concrete, valued at US$90,000 (A$1.23 million), was taken.

As a result of these disruptions, ore processed for the December quarter is expected to be roughly 40 to 45 per cent lower than the previous quarter.

Shares in Consolidated Zinc were steady on the market and were trading at three cents at 1:03 pm AEDT.

CZL by the numbers
More From The Market Herald

" Live Verdure (ASX:LV1) partners with TruLife for US distribution

Food, skincare and nutraceutical company Live Verdure (ASX:LV1) has entered a non-executive national sales and distribution…
SECOS Group (ASX:SES) - CEO, Ian Stacey

" SECOS (ASX:SES) launches MyEcoBag and MyEcoPet through Pacchini

Sustainable packaging company, SECOS (ASX:SES) has launched MyEcoBag and MyEcoPet through Pacchini Sales and Distribution to…

" Solis Minerals (ASX:SLM) kicks off drilling at Mostazal copper project

Newly listed Solis Minerals (ASX:SLM) has hit the ground at its Mostazal copper project in Chile…
Argenica Therapeutics (ASX:AGN) - CEO, Dr Liz Dallimore

" Argenica Therapeutics (ASX:AGN) determines safe starting dose level for ARG-007

Argenica Therapeutics (ASX:AGN) determines safe starting dose level from toxicology and genotoxicity studies