Telson Mining Co. (CVE:TSN – Get Rating) was up 1.5% during trading on Thursday . The company traded as high as C$0.67 and last traded at C$0.67. Approximately 4,200 shares traded hands during trading, a decline of 97% from the average daily volume of 136,603 shares. The stock had previously closed at C$0.66. Telson Mining […]
Telson Mining posts strong first quarter amid lower costs and increased metals prices I am pleased to see that all the hard work is paying off, said Omar Garcia Abrego, the company s CFO, in a statement All-in-sustaining-costs for the period were US$90 per pound, well down from US$1.39 in the fourth quarter, said Telson
Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) said that operational improvements, lower costs and increased metal prices, had led to a strong first quarter.
The company operates the Campo Morado polymetallic mine in Mexico and revealed that for the three months to end-March, mine operating profit had come in at C$5.25million, a huge uplift from the preceding quarter (4Q), which saw a loss of C$0.26 million.
Telson Mining sees its FY2020 sales surge 30% to C$44.4M as mining output ramps up at Campo Morado in Mexico
The company also said it received the initial US$2 million from the total US$5 million silver stream agreement with Empress Royalty Corp for its Tahuehueto project in Mexico Results were boosted by a nearly 2% average month-over-month rise in zinc prices as well as a more than 4% month-over-month increase in the price of silver during the year
Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) reported a 30% year-over-year increase its fiscal 2020 revenue to C$44.4 million as the company’s Campo Morado mine production in Mexico increased at an average rate quarter over quarter of about 50%.