New Century Resources Ltd (ASX:NCZ) is celebrating today after hitting a new zinc concentrate production record in the September quarter.
The company’s namesake Century Mine in Queensland generated 35,257 tonnes of zinc concentrate in the last three months — 22.1% higher than the same quarter last year.
This record production metric also marks an 11.2% increase on the concentrate produced between March and June.
C1 cash costs — which cover everything from mining and processing to administration and accounting movements — are expected to clock in at US$0.88 per pound, pending the mine-to-port reconciliation process that is underway.
Optimising production and costs
Speaking to the record production, New Century managing director Rob Cooper said: “We are pleased to have achieved strong quarterly production, demonstrating again the steady state of hydraulic mining and processing operations at Century that underpin New Century’s significant growth opportunities.
“The company is focused on continuing to optimise the Century operation – production and costs – in addition to progressing our portfolio of growth projects at Century, the Mt Lyell Copper Mine and tailings asset management opportunities.
“We look forward to providing a complete update to shareholders with the release of the September 2022 quarterly activities report before the end of October 2022.”
About the miner
New Century is a top-15 global and top-five domestic zinc producer.
It operates Australia’s largest hydraulic mine at the Century project in Queensland, where it extracts, processes and markets zinc recovered from historical tailings.
Beyond mining, New Century is pursuing growth opportunities at the Century Mine. It’s also investigating whether it can restart copper production at the historically significant Mt Lyell Mine in Tasmania using only renewable energy.
In addition, the company is working with industry peers to reprocess and rehabilitate modern and historical mineralised waste assets at operational and legacy mine sites.
Under this model, New Century may employ its expertise in economic rehabilitation with partners to the benefit of shareholders and the environment.