African Copper slides to a P35m loss

This is a huge improvement compared with a loss of $9 million for the corresponding period last year.

African Copper chairperson David Rodier said revenues were $29,7 million, an increase of 9 percent from $27,2 million for the corresponding period last year, while operating income from mining operations was $6,5 million, an increase of 51% from  $4,3 million for the corresponding period last year. This was driven by better recovery rates on sulphide ore and lower operating costs per ton.