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'Turnaround' quarter hailed for zinc producer

New Century Resources managing director Patrick Walta has hailed a “turnaround quarter” for the zinc business he’s overseeing in north western Queensland, despite the worst market for the galvaniser in the past 10-12 years.

Michael Quinn
Positive cashflow dawning at Century in Queensland, Australia

Positive cashflow dawning at Century in Queensland, Australia

The Century tailings reprocessing operation had its first month of positive cashflow in September, with all-in sustaining costs of US$1.02 per pound versus a three-year low zinc price of $1.05/lb and despite...

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