"During the third quarter, we made progress monetizing our extensive stockpiles of mineralized materials. Revenues grew 4.0% sequentially as we continued to ship the materials on our Duncan Kerr Property to our off-takers for processing," stated Duncan Reid, CEO of Trio Resources, Inc. "Recently, we received revised assay results that estimated some of the above ground assets originally estimated at 40 ounces of silver [...]
"During the first quarter, we continued to distinguish ourselves from other junior mining companies by executing on our strategy to monetize our significant stockpiles of mineralized materials and securing a five year off-take agreement with United Commodity AG, one of the world's leading processors of precious metals," stated Duncan Reid, CEO of Trio Resources, Inc. "By closing the more than $30 million United Commodity [...]
Trio Resources is pleased to announce that the Company will commence its first semi-monthly shipment of approximately 165 tons of mineralized material to United Commodity in mid-May 2013. Under the Company's Off-Take Agreement with UC, Trio plans to make additional shipments of the same volume on a semi-monthly basis to UC's Yukon Refinery until UC increases its capacity at the facility. Based on Trio's previously [...]
Trio Resources is pleased to announce that the Company's initial shipment of 156 tons of mineralized material processed at United Commodity Yukon Refinery is expected to generate revenues of approximately $236,000 for Trio Resources, Inc. The revenue estimates for the shipment are based on the recovery rates of silver (97%-99%), nickel (95%-97%), and cobalt (95%-97%), which have been produced at UC's cutting-edge [...]
Trio and United Commodity are pleased to announce that the mineralized material shipped to UC on February 4, has produced Silver and other value metals, via processing at UC's cutting-edge Yukon Refinery in Cobalt, Ontario. The Shipment is the first to be processed at the eco-friendly facility, as the inaugural material delivered by Trio under a five-year Off-Take Agreement with UC. In addition to refining capabilities [...]
Trio Resources is pleased to announce that it has signed a five-year Off-Take Agreement with United Commodity to process precious metals from the Company's above-ground stockpiles of silver-containing mineralized material. The Agreement calls for a minimum 334 tons of Trio's feed concentrate to be delivered per month to UC for processing, at its eco-friendly Yukon Refinery in Cobalt, Ontario. The minimum 20,000 tons of [...]
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