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Anglesey’s Parys plans hinge on zinc price

Bill Hooley, chief executive of Anglesey Mining (LON:AYM), says the firm will move forward with its Parys Mountain zinc-copper lead project in north Wales when the price of zinc picks up.

It’s been a bearish year for zinc prices, but Hooley reckons the metal will be one of the first commodities to move upwards, given a deficit of supply brought on by several mine closures.

Parys has been placed on care and maintenance for now but has the potential to be developed quickly, according to the CEO, once the Zinc rout is over.

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Price: 1.6 GBX

LSE:AYM
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Market Cap: £2.99 m
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'It's all coming together' at Anglesey's Parys Mountain zinc-copper-lead project

Anglesey Mining plc (LON:AYM) chief executive Bill Hooley talks to Andrew Scott at Mines and Money 2017 in London. Hooley says "it's all coming together" at its Parys Mountain project, with zinc and copper prices heading higher. Anglesey is currently carrying out development work at...

on 29/11/17

2 min read