Canada-based Altiplano Metals expects increased copper output and better ore grades before the mill starts up in Q4 2021 at its Farellon Copper Mine in Chile due to improved underground operations and new bench mining techniques.
It produced close to 10,090mt of mineralized copper in Q2 2021 at 1.49pc copper grade and processed 7,047mt of average copper. In addition to this, the company had 820mt of copper in stock and another 2,252mt of the red metal under processing by the end of June this year, the company said in an early August statement.
In Q2 2021, Altiplano sold 220,660lbs (100mt) of copper compared to 310,255lbs sold in Q2 2020 and 277,530lbs sold in Q1 2021.
The company’s revenue in the second quarter of the year was $599,771 compared to $477,805 in Q2 2020 and $544,019 in Q1 2021.