Stock price firmed up after CNMC announced it is installing floatation plant -- this will generate new revenue stream from 1H2020 from processing and sale of new minerals found in its concession. Minerals are lead, silver and zinc.
The flotation plant will enable the Group to generate a new source of revenue and profit by monetising the lead and zinc ores discovered through the course of its exploration activities at Sokor. The Group has amassed, in recent years, sufficient amounts of such ores for commercial production. As its existing facilities are meant for processing mainly gold ore, it is necessary to build a flotation plant to produce lead and zinc. The construction of the flotation plant will be funded using internal resources.
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