Trigon Metals Reports Record May Production and FY2025 Guidance
Trigon Metals Inc has announced highlights of its May 2024 underground production at the Kombat mine and provided production guidance for the remainder of its 2025 financial year (FY2025).
In May 2024, the Kombat mine achieved several record-breaking underground mining days, resulting in an average production of 12.1 tonnes of copper per day. The total underground ore mined for the month was 19,664 tonnes at an average grade of 2.16%, producing 386 tonnes of copper. Trigon commends its dedicated Namibian team for this remarkable accomplishment.
Following the announcement of commercial production from the underground mine, the company is pleased to report that the underground mine has continued to exceed the production targets outlined in its feasibility study, prepared by SRK Consulting South Africa in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Trigon's focus for FY2025 will remain on underground production from the Asis West underground complex. The company expects underground production to range between 250,000 and 280,000 tonnes of ore for the year, with an average grade between 1.95% and 2.3% copper. From this ore, Trigon projects copper metal production to be between 5,500 tonnes (12.1 million lbs) and 6,100 tonnes (13.4 million lbs) for the year.
Cash costs are anticipated to average between US$2.80/lb and US$3.15/lb for the full year, decreasing on a quarter-by-quarter basis as production ramps up to a steady state.
Rennie Morkel, Trigon President and Chief Operating Officer, commented, "We are exceptionally pleased with the accelerated ramp-up of the underground mine and thank our Namibian team for their hard work and ongoing efforts at Kombat. Our strategy for the upcoming financial year is focused on maximizing underground production from the current mining areas and establishing ourselves for the next phases of our growth trajectory, both at Asis West and in terms of the planned restart of Asis Far West."
