Given the smelter’s performance in the first six months of the year, Dundee Precious Metals Tsumeb is reviewing its 2022 guidance, as complex concentrate smelted is expected to be lower than the current range with cash cost per tonne smelted expected to increase as a result of the lower production.
The Company will issue updated guidance for the smelter with the Company’s second quarter financial results on July 28, 2022.
The Tsumeb smelter processed approximately 21,100 tonnes of complex concentrate during the second quarter, reflecting unplanned downtime due to water leaks that were resolved during the planned Ausmelt maintenance shutdown completed during the quarter. This 45-day shutdown included additional maintenance to the off-gas and baghouse systems, which is expected to improve operational performance moving forward.