West Perth-based Kagara Ltd today said its continuing shift towards copper production has resulted in record copper production of 9,472 tonnes from the company's North Queensland operations for the September quarter.
West Perth-based Kagara Ltd today said its continuing shift towards copper production has resulted in record copper production of 9,472 tonnes from the company's North Queensland operations for the September quarter.
Executive chairman Kim Robinson said the cash cost of production from the Thalanga and Mt Garnet copper plants averaged $US1.45 per pound of payable copper and delivered a cash margin of $US1.76 per pound of payable copper.
Zinc production from the polymetallic plant was 4,411 tonnes but as a result of the increased copper in the feed, which averaged 1.7 per cent copper, the cash cost was down to US47 cents per pound of payable zinc, delivering a cash margin of US25 per pound of payable zinc.
"These excellent results reaffirm the Mt Garnet operations as one of the lowest cost copper and zinc producers in the industry," the company said in a statement.
Further details will be contained in the company's quarterly activities report to be released next week.
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