Vast completes first commercial sale from Baita Plai, flags second sale
Vast Resources
0.09p
16:55 07/11/24
-5.41%
-0.01p
Production and development company Vast Resources updated the market on the first commercial sale of concentrate produced at its Baita Plai Polymetallic Mine in Romania on Thursday.
FTSE AIM All-Share
738.23
17:14 07/11/24
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Mining
11,474.12
17:04 07/11/24
-0.16%
-18.76
The AIM-traded firm said it had now received the cash proceeds from the delivery of concentrate, in accordance with expectations.
It also reported that the second commercial sale of concentrate produced at Baita Plai was expected to conclude in December.
“The company wishes to advise that it will not be reporting sales on a monthly basis in 2021, but will outline its sales and production reporting plans in due course,” the board said in its short statement.
At 1107 GMT, shares in Vast Resources were down 2.86% at 0.14p.