BASE METALS

Century zinc recoveries better but market recovery elusive for New Century

WHILE market interest in the story remains muted versus the buzz of a few years ago, New Century Resources has reported a “strong operational and financial results” quarter involving zinc recoveries above 50% for the first time and the generation of record earnings.

 Mt Lyell, Tasmania

Mt Lyell, Tasmania

The company signed off on EBITDA of A$40.4 million and operational cashflow of $7.4 million and noted those numbers excluded $18.7 million of zinc concentrate shipped in the first week of January. Production...

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