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Xtract chief delighted with latest find at Chepica gold mine

The chief executive of Xtract Resources (LON:XTR), Jan Nelson, says there is a lot of upside benefits from the latest find at its Chepica gold and copper project in Chile.

The firm told investors today it had discovered a new high grade reef system which could potentially double the previous company estimates of contained gold in the area and increase the life of mine.

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Price: 1.12 GBX

LSE:XTR
Market: LSE
Market Cap: £6.95 m
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Xtract Resources to become mid-tier gold producer by end 2017 – CEO

Jan Nelson, chief executive of Xtract Resources PLC (LON:XTR), says the restructuring of the Chepica mine in the last quarter of last year is paying off. “I know it was very difficult and hard for investors at the time, but I think you can see that the plan in terms of stopping and...

on 05/05/2016

2 min read