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Pembridge Resources unveils first revenues from restarted Minto mine

Pembridge Resources PLC (LON:PERE) has received the first revenues since copper, gold, and silver mining began again at the Minto open pit in October.

In a statement, Pembridge said its Minto subsidiary has received a 90% provisional payment of US$3.4mln from Sumitomo Ltd for the concentrates produced in the month of October.

READ: Pembridge Resources reveals Minto mine is back in production

Minto is an open pit and underground copper-gold-silver mine located in central Yukon, approximately 240 kilometres north of the capital Whitehorse along the Klondike Highway.

It restarted milling operations on 11 October, and produced 1,734 dry metric tonnes of copper concentrate in its first month, as well as gold and silver concentrates.

In July, the mining company signed a 100% offtake agreement with Sumitomo, from which it will receive monthly provisional payments, wRead More – Source