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Telson Mining Corp restarts mining operations at Campo Morado in Mexico

Campo Morado is a multi-metal mine that is capable of processing 2,500 tons of ore per day

Telson Mining Corporation -
The Canadian miner has kickstarted milling operations again at Campo Morado at roughly 1,750 tons of ore per day

Telson Mining Corp. (CVE:TSN) (OTCMKTS:SOHFF) has resumed its mining and milling operations at its Campo Morado Mine in Mexico as of this week. 

Campo Morado is a multi-metal mine that is capable of processing 2,500 tons of ore per day. Work at the mine was previously halted in August of 2019 due to the combined effects of declining zinc prices and local community issues. 

READ: Telson Mining takes big step towards building Tahuehueto mine after conditional loan approval

“After suspending Campo Morado mining operations during August 2019, we are very pleased to be in a position to inform shareholders that improving metal prices and improved community relations have allowed us to resume full-scale mining operations to re-initiate concentrate sales and cash flows,” said Antonio Berlanga, Telson’s CEO.

“With the mine back in production, the local community of Arcelia will once again have a major source of employment available and will benefit from the renewed economic activity,” he added.

The Canadian miner has kickstarted milling operations again at Campo Morado at roughly 1,750 tons of ore per day and is likely to increase that rate in the coming weeks to 2,000 tons per day or more. Underground mining operations at the site have been underway for about two weeks and workers have been transporting materialized material from the mine to the mill site.

Telson owns a pair of Mexican gold, silver and base metal mining projects. Its Tahuehueto mining project, which is located in the state of Durango, is under construction and a last dose of funding is necessary to finish construction at its processing plant there and kickstart the production of gold, silver, lead and zinc. Telson expects to finish the work at Tahuehueto in 2020.

Pre-production at Campo Morado, meanwhile, started in October of 2017 and commercial production was declared in May the following year. Telson then operated the mine continuously for 22 months until August 2019 when operations were stopped as a result of falling zinc prices.

Shares in Toronto added 4.55% to C$012 each.

Quick facts: Telson Mining Corporation

Price: 0.09 CAD

TSX-V:TSN
Market: TSX-V
Market Cap: $14.31 m
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on 04/17/2020

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