22 Nov 2022
Sasa future bright as C&F project progresses apace
A recent site visit to CAML’s Sasa zinc-lead mine in North Macedonia has further strengthened our view that the operation is well on course to make the planned transition to cut-and-fill (C&F) mining next year, securing a sustainable path for profitable operations for many years to come. Since taking ownership of Sasa five years ago, CAML has netted US$439m of revenue from zinc and lead sales and generated US$280m of EBITDA. Such robust profitability has enabled the group to fully repay the US$1 ....
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Sasa future bright as C&F project progresses apace
Central Asia Metals Plc (CAML:LON) | 212 -1.1 (-0.2%) | Mkt Cap: 384.7m
- Published:
22 Nov 2022 -
Author:
Nick Chalmers -
Pages:
8
A recent site visit to CAML’s Sasa zinc-lead mine in North Macedonia has further strengthened our view that the operation is well on course to make the planned transition to cut-and-fill (C&F) mining next year, securing a sustainable path for profitable operations for many years to come. Since taking ownership of Sasa five years ago, CAML has netted US$439m of revenue from zinc and lead sales and generated US$280m of EBITDA. Such robust profitability has enabled the group to fully repay the US$1 ....