Central Asia Metals shares drop as report points to shorter mine life at Sasa

1 week ago 4

Skip to navigation Skip to main contented Skip to close file

Proactive

Tue, March 3, 2026 astatine 5:30 AM CST 1 min read

Central Asia Metals shares driblet arsenic study points to shorter excavation beingness astatine Sasa

Central Asia Metals PLC (AIM:CAML, OTC:CAMLF) shares fell around 20% to 191.1p aft the miner warned of a shorter lifespan for the Sasa zinc-lead operation, successful North Macedonia, with a new life-of-mine program resulting successful a non-cash impairment complaint of up to US$120 million.

The AIM-listed radical said a broad reappraisal of 2025 show present puts Sasa’s excavation beingness astatine 2034, a five-year simplification versus the program antecedently envisaged, based connected the Svinja Reka reserve and resource.

Chief enforcement Gavin Ferrar said the expected impairment would deed reported net but “does not successful immoderate mode impact the Group’s currency generation” oregon its volition to support paying dividends.

CAML besides reported a little reserve base. Ore Reserves astatine 31 December 2025 were 6.9Mt grading 2.5% zinc and 3.5% lead, down from 9.2Mt a twelvemonth earlier, reflecting excavation redesign, higher cut-offs and updated commercialized assumptions.

Read Entire Article