Canada’s Breakwater Resources recorded a 24 percent increase in zinc production in concentrate for the fourth quarter of 2002 in Tunisia’s Bougrine Mine compared to figures from last year. The total cash cost decreased for the quarter to $0.36 per pound of payable zinc from $0.39 in the fourth quarter of 2001.
The decrease in cash costs is attributable to higher zinc production due to increased throughput, a higher zinc head grade and lower smelter treatment charges. In an ongoing effort to increase the mineral reserves and resources of the mine, the company is continuing its discussions with Tunisian authorities on utilizing the reserves of a government mining operation in the area.
Breakwater Resourcesis a mineral resource company engaged in the acquisition, exploration, development and mining of base metal and precious metal deposits in the Americas and North Africa. Breakwater has four producing zinc mines the Bouchard-Hebert mine in Quebec, Canada; the Bougrine mine in Tunisia; El Mochito mine in Honduras and the El Toqui mine in Chile. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
