South32 output goes down in Fin Year 17

Derek Barry
Updated August 2 2017 - 8:28am, first published 8:11am
Cannington has recorded a decrease in silver, lead and zinc production.
Cannington has recorded a decrease in silver, lead and zinc production.

Shares in Cannington Mine owners South32 fell after annual production of many commodities dropped. Bad weather and challenging conditions impacted South32’s performance in FY17. Cannington recorded a decrease in silver, lead and zinc production and a significant decrease in ore grades and metal production as high grade stope 60L was only partially extracted in the June quarter and run-of-mine stocks were consumed to support processing rates following a fire in April.

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Derek Barry

Derek Barry

Editor, the North West Star

Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.

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