Cobar residents awoke yesterday morning to the devastating news that two workers had been killed in an accident at Endeavor Mine. According to the Police Media report, two people died following an underground explosion at Polymetals’ Endeavor Mine yesterday morning. Emergency services were called to the mine at about 3.45am […]
Within just 12 months of acquiring the Endeavor Mine, Polymetals Resources Ltd has successfully redeveloped the operation and is now meeting operating costs. Polymetals Executive Chairman Dave Sproule said after their first full month of production, the company was proud to report positive news on what has been “a huge […]
Polymetals Resources Ltd announced yesterday that saleable silver-lead and zinc concentrates are being produced to plan at its Endeavor mine. Polymetals Executive Chairman Dave Sproule said they were delighted with the completion of the Endeavor mill refurbishment. “Milling operations are settling down well and we are addressing various maintenance issues […]
Polymetals Resources Ltd’s existing shareholders and new investors have given firm commitments to raise $35 million in equity capital to support the restart of the Endeavor Mine. The company issued 43.75 million new shares in a single tranche placement to raise $35m at $0.80. The placement was strongly supported by […]
Endeavor Mine General Manager Matt Gill sat down with The Cobar Weekly last week to outline the plans for the mine’s imminent re-start. Mr Gill said since Polymetals “received the keys” to the Endeavor Mine site on August 1, they have been bringing the mine out of care and maintenance […]
Polymetals Resources has secured $30 million to fund the restart of the Endeavor Mine. Polymetals announced on Monday they had entered into a strategic partnership with global commodity trader Ocean Partners securing the funding along with entering into a concentrate offtake arrangement. The financing facility will fund the redevelopment of […]
Following a revised agreement with CBH Resources, Polymetals is now a step closer to bringing the Endeavor Mine back into production. Polymetals announced yesterday that a revised Endeavor Silver, Zinc and Lead Mine acquisition agreements and ancillary arrangements had been executed and agreed with CBH Resources, a subsidiary of Toho […]
Polymetals Resources Ltd, the new owners of the Endeavor Mine, last week released their Mine Restart Study (MRS) with Polymetals’ executive chairman Dave Sproule saying they are “laser focused on recommencement of mining”. Mr Sproule said the extensive MRS document demonstrates strong technical and robust financial returns which point […]
Cobar’s housing market continues to be buoyant with 11 houses sold in just over two hours by David Russell’s Nutrien Har-courts team last week. The former Endeavor Mine homes owned by Cobar Infrastructure, were offered for sale via two separate online auctions on Wednes-day and Friday. The highest clearance, $204,000 […]
Long serving Endeavor Mine general manager Denver D’Angelo will be leaving CBH Resources next month to take up a new role with one of the top ten mining companies in the world. Mr D’Angelo has accepted the position of Lead Underground Operations with Anglo American, which mines a range of […]
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