(Boursier.com) — Auplata Mining Group – AMG, a company engaged in responsible and sustainable exploration and mining, announces its production volumes for the first quarter of 2024.
In Morocco: “continuous growth”
In Morocco, the production of Compagnie Minière de Touissit is up 4.8% compared to the first quarter of 2023. Due to the nature of the vein currently being exploited, the lead content is down slightly compared to the first quarter. quarter 2023, with lead concentrate production down -8.66%. However, the production of zinc concentrate increased by 5.44%.
Furthermore, the upcoming commissioning of the new Ighram Aousser well with an anticipated entry into production before the end of the third quarter of 2024 will allow CMT to exploit new veins with high added value.
CMT published a turnover up 6.6% for the first quarter of 2024 compared to the first quarter of 2023.
In Peru: “Significant progress”
Despite the continued complex political and social environment, the new management team has made significant progress in turning around operational performance, as demonstrated by the first quarter 2024 production volumes.
In French Guiana: “Progress and constant improvement”
The dynamic growth in production volumes continued during the first quarter of 2024 thanks to the continued ramp-up of the “Dieu Merci” factory.
Luc Gerard Nyafe, Chairman and CEO, declared: “We anticipate that 2024 will be a key year in the development of our Group. The good performances of the first quarter are very encouraging, the continuation of development projects and the maintenance of restructuring initiatives and reorganization carried out in recent years should bear fruit in 2024.
In French Guiana, the Dieu Merci mine continued its operational improvement begun in 2023. In Morocco, we are proud of the very soon commissioning of the new Ighram Aousser well on the Tighza site, which is the deeper in North Africa. This new production site will make it possible to reach new levels of growth in the years to come. In Peru, our new management team is working to turn around the business and operational performance. I am convinced that our Group can achieve a further increase in revenues in 2024 and continue to improve its financial performance.”
©2024 Boursier.com