Trigon Metals Inc (TSE:TM) has released an update.
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Trigon Metals Inc. reported operational profits of $581,518 for the last quarter of 2023, despite net losses due to non-cash items, with management focusing on cost control measures. The company faced production challenges with contractor equipment and grade control protocols, leading to lower than planned ore grades and copper production, which increased the C1 cash costs. Looking forward, Trigon is transitioning to high-grade underground mining operations at Kombat, which is expected to improve production and costs.
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