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Trigon Metals Inc (PNTZF) provides investors and industry observers with comprehensive updates on its mineral exploration initiatives and corporate developments. This centralized news hub aggregates all official announcements, operational updates, and strategic milestones from the metals exploration specialist.
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Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) has announced the appointment of Tom Panoulias as Vice President, Corporate Development, effective August 1, 2024. Panoulias brings over 15 years of experience in capital markets and mining, having raised over $1 billion for mining issuers and advised on numerous M&A transactions. His previous roles include positions at Echelon Wealth Partners, Fraser Mackenzie Merchant Capital, Dundee Capital Markets, Kinross Gold , and TVX Gold Inc.
Jed Richardson, Executive Chairman, expressed enthusiasm about Panoulias joining the team, highlighting his expertise in capital markets and investor relations. Trigon Metals, with operations in Namibia and Morocco, focuses on copper and silver holdings in African jurisdictions. The company holds an 80% interest in five mining licences in Namibia's Otavi Mountainlands and the Silver Hill project in Morocco.
Trigon Metals announced the achievement of commercial production from its underground operations at the Kombat Mine in Namibia as of April 30, 2024. This marks a significant milestone for Trigon, which aims to become a leading mid-tier copper producer. The milestone was reached by operating at 70% production capacity for 30 consecutive days. Trigon's underground production began ahead of schedule, with the first blast occurring on February 5, 2024. The company reported increased metal output due to higher-grade ore from underground, resulting in improved profitability and lower operating costs. The Kombat Mine, historically an underground mine, produced 774,696 lbs of copper in April 2024. Plans are underway to expand ore processing capacity to 60,000 tonnes per month. The company also granted 10,695,000 stock options to directors, officers, and consultants.
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