Thursday, January 12, 2017 11:06:40 AM
https://ca.finance.yahoo.com/news/nevsun-meets-zinc-gold-production-125000470.html it misformats in ihub below
It is getting much better on zinc recovery:
Recovery, % of zinc (3)
-
33.8 2q
59.1 3q
63.6% 4Q
Zinc in concentrate produced, millions of pounds(4)(5)
-
5.1
38.6
46.5
But they are still having problems. And on Copper they still can not sell the copper concentrate, so they are building up a lot of copper inventory. They will solve the problem, looks like may take another month or two.
In 4Q they sold almost twice the Zinc as in 3Q
Payable zinc in concentrate sold, tonnes
9,600
16,000
AND: the overall combined zinc recovery from both the copper and zinc flotation circuits. Copper recovery
for both circuits averaged 41.2% in Q3 2016 and 60.7% in Q4 2016.
Processing – Primary Ore
Ore milled, tonnes
-
134,000
510,000
579,000
1,223,000
Zinc feed grade, %
-
5.0
5.8
5.7
5.7
Copper feed grade, %
-
1.1
1.0
0.8
0.9
Recovery, % of zinc (3)
-
33.8
59.1
63.6
58.8
Zinc concentrate grade, %
-
41.4
41.3
38.8
40.0
Zinc in concentrate produced, millions of pounds(4)(5)
-
5.1
38.6
46.5
90.2
Zinc in concentrate produced, tonnes(4)(5)
-
2,300
17,500
21,100
40,900
Payable zinc in concentrate sold, millions of pounds
-
-
21.2
35.2
56.4
Payable zinc in concentrate sold, tonnes
-
-
9,600
16,000
25,600
(1)
Ore tonnes mined in 2016 include 902,000 tonnes of supergene ore and 2,741,000 tonnes of primary ore.
(2)
The supergene phase of the Bisha mine ceased on June 2, 2016.
(3)
This represents the overall combined zinc recovery from both the copper and zinc flotation circuits. Copper recovery
for both circuits averaged 41.2% in Q3 2016 and 60.7% in Q4 2016.
(4)
The Company as yet has not been able to produce a commercially saleable copper concentrate due to metallurgical
challenges when processing the variable primary ore. The by-product revenues from copper, gold and silver in the
zinc concentrates have not been material during 2016.
(5)
The zinc in concentrate inventory at December 31, 2016 was approximately 20.4 million pounds.
2017 Outlook and Guidance
Nevsun is currently completing its annual forecasting process at Bisha where the work on a robust geo-metallurgical resource model and the copper flotation plant metallurgy are ongoing. We expect to provide our 2017 Outlook and update on the resolution to the challenges related to the copper flotation circuit in mid-February 2017.
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