Pembridge Resources PLC continues to build track record of copper production

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  • Pembridge Resources reports record quarterly output and offtake payments from the Minto mine
  • Pembridge Resources reveal 2021 drilling plans for Minto, ‘recognising its true value’
Pembridge Resources - Pembridge Resources pushes ahead as production resumes at Minto mine

Quick facts: Pembridge Resources PLC

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Pembridge Resources is a London-listed mining company with an investment in Minto Exploration, the company that operates the Minto copper-gold-silver mine in the Yukon, Canada.

The underground copper-gold-silver mine is located around 240km north of the capital Whitehorse along the Klondike Highway. More than US$350mln of capital expenditure has been invested into Minto operations since site construction began in 2006.

The mine was in continuous production between 2007 and 2018, when the mine was placed onto temporary care and maintenance, before Pembridge backed Minto restarted operations in October 2019.

15 Jul 2021

() announced record quarterly production and offtake sales from the Minto copper-gold-silver mine in the Yukon territory.

During the second quarter, 8,323 wet metric tonnes of concentrate were produced, up from 7,023 wet metric tonnes in the first quarter.

It received US$26.0mln in offtake payments from Sumitomo Corp, exceeding the previous quarterly record of US$20.8mln received in the first three months of the year.

READ: Pembridge Resources quarterly output increases, Minto mine offtake sales hit record

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16 Jun 2021

() hailed an agreement by which the Minto copper project in Canada, in which it owns a major stake, will list on the TSX Venture Exchange via a reverse takeover.

Minto Explorations Ltd will reverse into a Canadian shell company named 1246778 BC LTD, known as 778, and list the shares on the TSX under the new name of Minto Metals Corp, which will own 100% of the Minto mine.

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03 Jun 2021

() said it issued US$3mln (GBP2.1mln) of convertible loan notes, exceeding its initial target after the offer was oversubscribed, to fund potential future investment opportunities.

Last week, the mining company said it planned to raise up to US$2mln through the issue of up to 200 convertible loan notes of US$10,000, with an interest rate of 14%, redeemable after two years.

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24 May 2021

‘s () Gati Al-Jebouri joins Proactive London after announcing their 2021 exploration plans for the Minto copper project in Canada.

The plans are to explore the highly prospective and undeveloped parts of the Minto Claims area after the senior management of Minto Exploration Ltd approved an exploration drilling programme.

Al-Jebouri talks though the results of the 43-101 Preliminary Economic Assessment Technical Report.

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Pembridge Resources reveal 2021 drilling plans for Minto, ‘recognising its…

Pembridge Resources PLC’s (LON:PERE) Gati Al-Jebouri joins Proactive London after announcing their 2021 exploration plans for the Minto copper project in Canada.

The plans are to explore the highly prospective and undeveloped parts of the Minto Claims area after the senior management of Minto…

on 24/5/21

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