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NQ Minerals Plc, a base and precious metals producer from its 100% owned flagship Hellyer Mine and the 100% owner of the Beaconsfield Gold Mine, both in northern Tasmania, Australia, has announced its 2020 year-end operations update from the company’s 100% owned Hellyer Mine to the 31 December and an update on its Beaconsfield Gold Mine.
NQ Minerals’ Chairman, David Lenigas, said: “2020 was a highly successful and pivotal year for the company, having seen our flagship Hellyer operations finally achieve production rates better than originally forecast from the original mine start-up plan. Hellyer’s year end performance, and the revenue boosts associated with production rates of around 1.4 million tpy, were instrumental in securing a major US$55 million debt refinancing package for Hellyer. Efforts to improve Hellyer’s output will continue through 2021 and work there will move towards evaluating the potential of re-opening the underground operations. At our Beaconsfield Gold Mine, we await the receipt of the independent reserve assessment report and the economic model. Getting Beaconsfield operational is seen as an important driver for future revenues and profits.”