Pembridge Resources plc Minto First Shipment (2306L)
29 Abril 2020 - 1:00AM
UK Regulatory
TIDMPERE
RNS Number : 2306L
Pembridge Resources plc
29 April 2020
29 April 2020
Minto First Shipment
London, United Kingdom - Pembridge Resources plc (LSE: PERE)
("Pembridge" or the "Company") is pleased to announce the first
shipment to Japan of copper concentrate from the Minto mine.
As a major landmark since the re-opening of the Minto mine last
year, the first shipment of copper concentrate has left the port of
Skagway. The cargo represents the mine's production since
re-opening until the end of March, which was previously transported
to Skagway.
Gati Al-Jebouri, Chief Executive Officer and Chairman of the
Board of Pembridge said:
"This first shipment of copper concentrate is now on its way to
Sumitomo in Japan. This is an important event for the Minto mine,
both commercially and symbolically. Re-starting mine operations has
been an important step in the plan for realizing Minto's value,
although challenged by the latest COVID-19 developments. This
landmark event shows the strength of the team at Minto and with the
support of our partners, the ability to meet targets set."
ENDS
NOTES TO EDITORS
About Pembridge Resources plc
Pembridge is a mining company that is listed on the standard
segment of the Official List of the FCA and trading on the main
market for listed securities of London Stock Exchange plc.
Pembridge has an investment in Minto Explorations Ltd, a British
Columbia incorporated business operating the Minto mine in Yukon,
Canada.
About Minto Explorations Limited
Minto operates the underground copper-gold-silver mine located
in central Yukon, approximately 240 kilometres north of the capital
Whitehorse along the Klondike Highway. In excess of US$350 million
of capital expenditure has been invested into Minto operations
since site construction began in 2006. The Minto mine was in
continuous production between 2007 and 2018, when the mine was
placed onto temporary care and maintenance. Pembridge acquired
Minto from Capstone Mining Corporation in June 2019 and restarted
operations in October 2019.
Enquiries:
Pembridge Resources plc: +44 (0) 20 7917 2968
Gati Al-Jebouri, Chief Executive Officer and Chairman of the
Board
David James, Chief Financial Officer
Brandon Hill Capital - United Kingdom: +44 (0)20 3463 5016
Jonathan Evans
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END
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