Mawson West Provides Update and 2013 Outlook,Production Guidance; Shares Fall in Early Trade


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Mawson West Limited (MWE.TO)today released an update and guidance on activities at its Dikulushi copper-silver mine and Kapulo copper project located in the Democratic Republic of Congo ( DRC ).


Successful ramp-up of Dikulushi open pit and achievement of steady state production of approximately 1,600 tonnes of copper per month

Copper production from Dikulushi expected to be 20,000-22,000 tonnes in FY2013

Direct cash operating costs per pound of copper produced, net of silver by-product credits at Dikulushi in FY2013 are anticipated to be less than US$0.35 per pound of copper produced

Kapulo process plant commissioning targeted to commence in late 2013

FY2013 exploration budget of approximately US$11 million across Dikulushi satellite deposits, Kapulo and Lufukwe.

Mawson is down 3 cents to 74 cents.

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This article appears in: Investing , Commodities

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