This year, Pembridge expects the mine to produce between 28 million and 31 million pounds of copper, operating at an average throughput of 3,000 tonnes a day for the first half of 2022 and 3,250 tonnes a day for the second half.
It also said that Minto Metals had reached an agreement with Capstone to defer paying part of the purchase price obligation and paid a further $10 million of that obligation in December 2021.
The remaining $5 million will be paid in 2023, Pembridge said.
