Tiger Resources (TGS)

Roaring back

QuickView | Mining | 03/02/2017

On 10 January, Tiger announced that it had achieved production for FY16 of 23,119t of copper cathode. While this was within updated guidance of 23.0-23.6kt, it was below earlier guidance of 25.0-26.5kt after a number of setbacks curtailed output. While 2016 therefore witnessed management fighting a series of metaphorical fires, an elegant solution to the central metallurgical problems, utilising the newly established tank leach capacity from the earlier de-bottlenecking exercise, has stabilised Tiger and leaves it poised for an eventual recovery in output to 32.5ktpa.

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