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UPDATE: Mawson West Provides Update on Production from Dikulushi; Shares Rise 1%

Mawson West Limited (MWE.TO) said production from the Dikulushi open pit has continued to increase throughout first quarter 2013. Steady state production of 1,596 tonnes of copper and 132,235 ounces of silver was achieved in January, rising to 1,772 tonnes of copper and 164,469 ounces of silver in February and 1,829 tonnes of copper and 152,974 ounces of silver in March.

Production for first quarter 2013 totaled 5,197 tonnes of copper and 449,678 ounces of silver. Copper production in first quarter 2013 exceeded guidance of 4,500-4,900 tonnes as a result of achieving higher process plant throughput.

MWE was up more than 1% to 73 cents, with 52-week range of $0.465 - $1.19.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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