Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canadian miner Telson Mining’s zinc concentrate production rose to 11,013mt in Q1 2021 (January-March) from 9,974mt in Q4 2020, while the average realized zinc price increased to $2,687mt from $2,360mt in Q4. The company owns the Campo Morado mine in Guerrero, Mexico.


Telson’s operating profit reached C$5.25mn ($4.35mn) in Q1 compared to a loss of C$260,000 in Q4, according to the company’s earnings release. Profits rose on a significant decrease in C1 cash costs and all-in sustaining costs (AISC). Gross revenues in Q1 rose to C$21.2mn compared to C$18.9mn in Q4.


Zinc recoveries at Campo Morado improved to 74pc compared to 69pc in Q4. The mine produces on average 2,100mt zinc per day.


($1 = C$1.20)

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