SPMP completes first sale of antimony metal, but future financing still 'uncertain'

Strategic & Precious Metals Processing's (SPMP) antimony and gold processing facility in Sohar, Oman, has sold 60 tonnes of antimony metal ingots for the first time, parent company Tri-Star Resources said in a release on Wednesday May 13.

Tri-Star Resources considers it "an important step in the ramp-up of operations at SPMP," and expects the plant to be operating at 50% of capacity by the end of the second quarter of 2020 and achieving the 100% by the end of the year, the company said.
The Omani project, the largest antimony roaster outside of China, has a targeted annual production capacity of 50,000 oz of gold and 20,000 tonnes in combined antimony metal and antimony trioxide (ATO). This represents about 12% of average annual world antimony production.

The sale comes a time in which the...

Gold stocks decline on flat metal and mixed equities

Copper price expected to range from flat to slight gain in 2025

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains