Rambler reports record 2017 throughput

Canada-based Rambler Metals & Mining on Monday said it had achieved record annual throughput, processing 339,631 tonnes of ore from its Ming mine.

The company said it produced 3,968 tonnes of copper and 3,357 ounces of gold during 2017.

Rambler said the mine was now averaging 1,118 tonnes of ore per day, with the mill hitting peak production as high as 1,360 tonnes “while maintaining high copper recovery”.

“Ore stockpiles at each site continue to be modest pending completion of the surface ventilation project. This project is on the critical path and targeting completion in March,” the company said in a statement.

“Once finished the mine's ventilation system will be reversed allowing for increased capacity and improved cycle times thereby boosting the overall throughput from the mine.”

"Given the productivity improvements just around the corner we are now turning our attention to increasing the overall feed grade being delivered to the mill and returning the company to positive cash flows during a time that has seen significant run up in, and positive outlook, on long term copper and gold price forecasts."

The company expects to complete its Phase II expansion with sustained production of 1,250 tonnes per day mining and milling towards the end of the first quarter, 2018."