- Strategic Minerals Europe Corp. (SNTA) released production results for June and Q2 2022 at its Penouta tin mine in Spain
- The company increased its primary concentrate production in June to 72.2 tonnes, 8.3 per cent higher than in May and 2.6 times greater than the average monthly production in 2021
- June production comprised 62.5 tonnes of cassiterite concentrate with 71.4 per cent tin content and 9.7 tonnes of tantalite/columbite concentrate with 22.6 per cent tantalite and 24.8 per cent columbite content
- On a quarterly basis, the company increased its primary concentrate production to 181.7 tonnes in Q2 2022, 69 per cent higher than Q2 2021
- Strategic Minerals (SNTA) was trading steady at $0.185 a share as of 10:20 am ET
Strategic Minerals Europe (SNTA) released production results for June and Q2 2022 at its Penouta tin mine located in Spain.
The company increased its primary concentrate production in June to 72.2 tonnes, 8.3 per cent higher than in May and 2.6 times greater than the average monthly production in 2021.
June production comprised 62.5 tonnes of cassiterite concentrate with 71.4 per cent tin content and 9.7 tonnes of tantalite/columbite concentrate with 22.6 per cent tantalite and 24.8 per cent columbite content.
On a quarterly basis, the company increased its primary concentrate production to 181.7 tonnes in Q2 2022, 69 per cent higher than Q2 2021. Production comprised 153.3 tonnes of cassiterite concentrate with 71.2 per cent tin content, and 28.4 tonnes of tantalite/columbite concentrate with 23 per cent tantalite and 25 per cent columbite content.
The company also consolidated its transition to open pit mining in Q2 2002, increasing production and the quality of its final products.
Strategic Minerals’ CEO, Jaime Perez Branger stated that the continuing improvement in quantity and quality at Penouta, which reflects our success at launching production from the open pit mine and the optimization of the new primary crushing plant at the facility.
Strategic Minerals Europe Corp. (SNTA) is engaged in the identification, exploration, and development of mineral resource properties in Spain. It holds permits and licenses related to two Spanish mining projects called the Alberta II project and the Penouta project.
Strategic Minerals (SNTA) was trading steady at $0.185 a share as of 10:20 am ET.