The shareholders of Consolidated Tin Mines (ASX:CSD) have approved the acquisition of Snow Peak Mining which effectively puts CSD on the fast track to become a base metals producer as the Snow Peak assets include a 1Mtpa concentrator and the Mt Garnet and Surveyor mines. Since putting Mt Garnet back into production in August of last year, the mine produced 90,000 tonnes of zinc ore in 4 months time before the mine was shut down for the wet season.
It’s still early days for Consolidated Tin, but it will be interesting to see the company’s plans for the near and medium term future and its cost guidance.
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Disclosure: The author holds no position in Consolidated Tin Mines. Please see our disclaimer for current positions.
