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AfriTin Mining restarts full scale production at its Uis Tin mine in Namibia

AfriTin Mining Ltd (LON:ATM) CEO Anthony Viljoen tells Proactive its mining operations at the Uis Tin mine have now returned to full scale following the easing of coronavirus lockdown measures in Namibia.

Viljoen says while the lockdown has resulted in delays to planned throughput increases, optimization work has now been resumed to allow the operation to reach design capacity. What's more, Viljoen says an internal review has identified staged modifications that could potentially increase the NPV to US$122mln, and the IRR to 60%.

Quick facts: AfriTin Mining Ltd

Price: 2.35 GBX

Market: AIM
Market Cap: £19.12 m

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