Trigon Metals – A New Focus On The Kavango Open Pit To Control Costs and A Revised Mine Plan
Jed Richardson, CEO of Trigon Metals (TSX.V:TM – OTC:PNTZF) joins us to recap yesterday’s news release stating the pause of production at the Kombat Mine and new focus on a revised mine plan at the Kavango Open Pit Mine, in Namibia. This is all with a goal of controlling costs moving forward.
We start by having Jed explain the strategy of pausing the Kombat Mine and why the Company believes the Kavango Open Pit Mine will have lowers costs. As Jed outlines this production pause is estimated for 6 months. We also discuss the news investors can expect over this pause period as well as the cash position and capital requirements for this shift in strategy.
If you have any follow up questions for Jed please email us at either Fleck@kereport.com or Shad@kereport.com.