Don Lindsay Recap
Don Lindsay-CEO of TEK Resources, expects the company’s 2019 total copper production to show year-on-year growth of about 13% compared with 2018.
TEK Resources CEO Don Lindsay has said that the company’s growth strategy in copper will continue to play out over the next three years. In an interview with Mining.com, Lindsay said he expects the company’s 2019 total copper production to show year-on-year growth of about 13% compared with 2018.
It would be driven by adding new capacity at its Frontier mine complex in northern Canada and increasing production at existing mines. Meanwhile, the company also forecasts a 7% increase in zinc production for 2019 compared with 2018.
However, Don Lindsay said it was still too early to tell whether this is achieved through increasing capacity through new projects or improving efficiency at existing mines and mills. The company is also considering adding new capacity at its Frontier mine complex in northern Canada and increasing production at existing mines.
It would be driven by adding new capacity at its Frontier mine complex in north Canada and increasing production at existing mines. Meanwhile, the company also forecasts a 7% increase in zinc production for 2019 compared with 2018.
Zinc production is expected to go up by 7%. However, Lindsay said it was still too early to tell whether this is achieved through increasing capacity through new projects or improving efficiency at existing mines and mills.
Lindsay said the company’s zinc output is expected to increase by 7% in 2019 due to expanding mining activities at its Thompson Creek mine in Canada.
In addition, TEK Resources has been active on the acquisition front and recently acquired two copper projects from First Quantum Minerals Ltd (FQM) for $1 billion in cash plus assumed debt of approximately $400 million.