Polymetals Faces Operational Challenges as Endeavor Mine Begins Production Ramp-Up
Polymetals Resources has officially commenced commercial production at its Endeavor silver zinc mine in Cobar, NSW, with zinc concentrate shipments set to begin in early July 2025. The company is progressing steadily toward ramping up output in the second half of the year.
- Commercial production achieved at Endeavor silver zinc mine
- Ore mining and processing progressing smoothly
- Zinc concentrate shipments planned for early July 2025
- Silver-lead concentrate production underway, shipment to follow
- Operational ramp-up expected through H2 2025
Commercial Production Milestone
Polymetals Resources Ltd (ASX – POL) has reached a significant milestone with the commencement of commercial production at its Endeavor silver zinc mine located in the Cobar Basin of New South Wales. After nine months of development and commissioning, the company is now processing ore and producing concentrates, signaling the transition from development to revenue-generating operations.
Operational Progress and Production Details
The company reports that mining activities are well underway, with crushed ore being routinely hoisted from underground to surface stockpiles. Processing facilities, including grinding and flotation circuits, are operational and undergoing optimization to ensure consistent production of high-grade zinc and silver-lead concentrates. Early shipments of zinc concentrate are scheduled for early July, with silver-lead concentrate shipments expected to follow shortly thereafter.
Management Confidence and Regional Impact
Executive Chairman Dave Sproule expressed satisfaction with the project’s progress, highlighting the cost-effective revival of the Endeavor mine and the dedicated efforts of General Manager Matt Gill and his team. The company anticipates a lengthy mine life that will deliver sustained value to shareholders and contribute positively to the Cobar region’s economy.
Looking Ahead – Production Ramp-Up and Exploration Potential
Access to higher-grade silver ore at upper levels is expected to commence in August, supporting the planned increase in output during the second half of 2025. Polymetals also maintains a strong exploration portfolio in the region, with promising potential for discovering additional copper, gold, silver, and zinc deposits that could extend the mine’s operational horizon.
Context and Forward-Looking Considerations
This announcement follows prior updates on commissioning and mine planning, confirming no material changes to previously disclosed technical parameters. While the company remains optimistic, it acknowledges the inherent uncertainties in forward-looking statements, including operational challenges and market conditions that could influence future performance.
Bottom Line?
As Polymetals moves from commissioning to steady production, the market will watch closely for shipment volumes and revenue flow in the coming quarters.
Questions in the middle?
- How will fluctuating metal prices impact Polymetals’ revenue from Endeavor?
- What is the timeline and likelihood for expanding production through exploration success?
- How effectively can the company optimize milling operations to maintain concentrate quality?
