Andrada Mining Limited, the African technology metals mining company with a portfolio of mining and exploration assets in Namibia, has recorded a 54% year-on-year (YoY) increase in tin concentrate production to 1 474 tonnes in the 12 months ended 29 February 2024.
In the previous year the company recorded tin concentrate production of 960 tonnes.
Apart from this, the miner also achieved 60% year-on-year increase in ore processed to 915 599 tonnes.
Anthony Viljoen, Chief Executive Officer, commented: “It pleases me that the strategic operational initiatives that we embarked on have been successful and yielded the further double-digit percentage increases in production tonnage at our operations that we are presenting today.”
“Although the higher stripping resulted in an increase in the AISC during the year, the exposure of the orebody’s grade, diversity of minerals including lithium, and scale at depth (according to our geological model), will start to become glaringly apparent, placing the operations in a robust position to capitalise on the rebound in the commodities markets for all our products.”