💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

BRIEF-Tiger Resources issues 2016 copper cathode production guidance

Published 17/03/2016, 08:32 am
BRIEF-Tiger Resources issues 2016 copper cathode production guidance
HG
-
TGS
-

March 17 (Reuters) - Tiger Resources Ltd TGS.AX :

* Tiger Resources 2016 guidance TGS.AX

* Says company expects 2016 cash operating costs to be in the range of US$1.34-1.42/lb

* "Processing costs are expected to be lower in 2016 due to the improved availability of grid power"

* Says 2016 copper cathode production guidance 26,000 tonnes- 28,000 tonnes

* Says at the Perth head office, the headcount has been reduced by 33%

* Management has conducted a vigorous cost-cutting and efficiency drive

* Through restructuring and streamlining of responsibilities, number of site-based expatriate personnel has been reduced by 38%

* Further costs savings are being pursued in the first half of 2016

* Source text for Eikon ID:nASX2xfwPV

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.