PRESS RELEASE: Total refurbishment and commissioning costs for the Century restart were in line with estimates in the restart feasibility study announced in November 2017. The company will release a further monthly development update at the end of August which will provide a more detailed report of the restart activities.
Patrick Walta, managing director at New Century, commented: "It is a fantastic achievement by the New Century team and our business partners to deliver the restart of operations at Century both on time and budget. We are now focused on the next phase of Century development, ramping up operations to become one of the world's top zinc producers."
Century has an estimated production capacity of 264,000t/y zinc and 3Moz/y silver over an initial ore reserve mine life of 6.3 years. In-situ mineral resources also provide potential for mine life extension and the company is currently engaged in active exploration programmes across its 1,800km2 tenement package. Operations at Century are also forecast to be in the lowest quartile for cash costs.