Weatherly’s Copper production falls in Q2

Junior base metals producer, Weatherly has announced a reduction in second quarter copper production at its central operations.
Weatherly currently operates two copper mines in the country at Otjihase and new Matchless jointly known as Central Operations. In addition, the company  has a 25% stake in China Africa Resources Plc, currently focused on the development of a lead/zinc project at Berg Aukas.
In a statement to shareholders earlier this week, Weatherly says second quarter production from the Central Operations was down to 5780 tonnes of copper concentrate containing 1328 tonnes of copper compared to 6499 tonnes of copper concentrate containing 1470 tonnes of copper in the first quarter of Weatherly’s 2012/2013 financial year.
Production was adversely affected by poor mechanical availability and the short working month of December. But despite the fall in production, mined grades at 1.81% and metal recovery at 92.58% remained strong with cash costs largely unchanged from the previous quarter at US$5,829 per tonne of copper.