Eurasia Mining (EUA.L) Shares Drop 5.24%: EUA Increases Production Forecast At Loipishnune

A significant increase in the share prices of Eurasia Mining was achieved this month. By the end of last month, the shares were worth 15.00 GBP. On September 1, the shares jumped to 25.16 GBP. A week later, the share price rose to 35.87 GBP. During the last trading session, the shares of Eurasia Mining fell by 5.24% and were trading at the price of 27.48 GBP.

Eurasia Mining reported that a detailed mining plan was completed during the first five years of operation of the Loipishnune open pit and the West Nittis open pit, these quarries are part of the Monchetundra project. According to our data, the first phase of annual ore production was increased by 1.7 times to 1.7 million tons per year compared to the Russian feasibility study. The revised production profile resulted in total metal content of 2.6 grams per tonne of palladium and 3.5 grams per tonne of palladium, platinum and gold in the first year of production at the West Nitti’s open-pit mine.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter