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NQ Minerals provides 2020 operations update


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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. ....

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