Atlas Completes 34th Shipment
Atlas Consolidated Mining and Development Corp. (PSE: AT) has completed its 34th shipment of copper concentrate since the start of mining operations through its subsidiary Carmen Copper Corp. (CCC). The company expects revenue from this shipment to reach US$11,034,860.51 (inclusive of gold credits) based on a volume of approximately 4,940.406 dry metric tons (dmt) of copper concentrate containing 27.97% copper, 2.49g of gold per dmt and 24.91g of silver per dmt, according to preliminary assay analysis.
The shipment, which was loaded on board the vessel M/V MCP Hamburg at the Sangi Port in Toledo City, Cebu, is consigned to Jinchuan Group Ltd of Jinchang City, Gansu, China.
After this delivery, CCC still has approximately 2,279 dmt of copper concentrate stored in its Sangi Port warehouse.