Metals Exploration (“MTL”) has released an update for Q1 with production of 20.99koz (H&Pe 17.76koz) from the company’s Runruno mine in the Philippines at an All in Sustaining Cost (“AISC”) of US$1,303/oz (H&Pe US$1,253/oz). The beat was driven by higher grade and throughput. During the period, MTL completed the acquisition of Condor Gold which owned the La India project in Nicaragua, still on track for first production in 2027. A ground-breaking ceremony is expected in May 2025. Despite the acq ....
