Atlas Consolidated Mining and Development Corporation unit, Carmen Copper Corporation completed two shipments of copper concentrates in June.

In a disclosure to the Philippine Stock Exchange, Atlas said that two shipments of 4,957 DMT and 4,938 DMT of copper concentrates were made for the month totaling 9,895 DMT.

The estimated value of the shipments which were consigned to Chinese smelters was USD 24.54 million based on the provisional prices of USD 4.11 per pound of copper and USD 1,517 per ounce of gold. The shipped concentrates averaged 27.18% copper, 2.63 grams per tonne gold and 21.60 grams per tonne silver.

Atlas said that the payable metal content of the concentrate was 5,700,000 pounds copper and 751 ounces of gold after deducting treatment and refining charges.

The total mill throughput for June amounted to 1,193,000 tonnes of ore at an average grade of 0.296% of copper. This resulted in the production of 9,755 of copper concentrate with an average grade of 27.23 of copper, 2.66 grams per tonne of gold and 21.51 grams per tonne of silver.

(Sourced from www.manilatimes.net)