(Kitco News) - Minto Metals (CVE: MNTO) reported today that in Q2 2022, the company produced 5.4 million pounds of payable copper from the Minto mine located in central Yukon, up 16% compared to Q2 2021.
The company also produced 2,203 ounces of gold in Q2 2022, which is 20% higher than a year before.
Minto said that its second quarter production results highlighted the third consecutive quarter of operational improvement as compared to 2021, however the company was behind on its planned targets for the quarter.
“Spring Freshet posed some water challenges for us, but our Team successfully navigated these while ensuring the environment was protected. Ensuring environmental protection is of paramount importance to Minto,” commented Chris Stewart, President and CEO.
“Suspending operations at the Mill for a total of 4 weeks has reduced our payable copper pounds produced in Q2, but the good news is that although our Mill was scheduled to run at 3,250 tonnes per day in H2 2022, we are permitted to run it up to 4,200 tpd. This will allow us to deliver on our previously communicated guidance for 2022,” he added.
Minto operates the producing Minto mine located in the Minto Copper Belt, Yukon. The Minto mine has been in operation since 2007 with underground mining commencing in 2014. Since 2007, approximately 500Mlbs of copper have been produced from the Minto mine.
