Trigon Metals has reaffirmed its 2025 copper production guidance at Kombat Mine of 12,125,000 to 13,448,000 pounds.
The Kombat mine achieved its first full quarter production with the underground contribution in Q1 for the fiscal year ending in 2025, marking a significant inflexion point for the company.
In the first quarter ending June 30, 2024, copper production was 2,302,726 pounds at C1 cash costs of $3.23 per pound of copper produced.
Silver production during the quarter was 33,399 ounces.
There was a positive adjusted EBITDA contribution of $1.8 million and a net loss attributable to the company’s shareholders of $2.1 million.
The Kombat underground mine produced 57,070 tons at an average grade of 2.05%, and the open pit production was 29,715 tons at an average grade of 1.23%.
Underground ore tonnes mined for the quarter totalled 70,483 tonnes and were milled at a 1.67% average grade, producing 1,045 tonnes of copper.
Trigon Metals announced commercial production from the underground mine on April 30, 2024.
The company’s CEO, Jed Richardson, said grade is king at Kombat Mine.
“Our first full quarter of contribution from our high-grade underground is demonstrating profitability at the mine.
“Achieving solid copper and silver production, driven by favourable grade reconciliations, has continued into the second quarter,” Richardson said.
He added that this trend has allowed the company to maintain a full-year copper and silver production guidance, which is expected to translate to achieving the lower end of the fiscal year 2025 cash cost guidance.
