- 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.