In
The agreement includes among other things an optimized mining plan which reduces transportation distances and maximizes metal output, starting with an annual production rate of 1.8 Mtonnes, coupled with an organizational redesign, a reduction in employees and improved ways of working. Altogether, the normal cash cost of the Tara mine is expected to be reduced to approximately 100 USc/lb Zinc, compared to 137 USc/lb Zinc for the first half year of 2023. The reduction is attributed to an improved outlook on the price of energy as well as lower benchmark treatment charges (TC) coupled with improved productivity levels.
As a result, one-off restructuring costs of approximately
Ramp-up of production will start during the fourth quarter 2024, and full production is expected from
In connection to the decision to reopen the Tara mine, exploration activities towards the Tara Deep deposit will be reinitiated during the second half of 2024.
For further information, please contact:
+46 70 453 65 88
klas.nilsson@boliden.com
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