Altona Mining Limited
(ASX:AOH) has boosted its full year production forecast after posting record production in the December quarter.
The mining company is focussed in Australia and Finland and is now expecting to deliver between 6,500 and 7,000 tonnes of copper metal and 6,500 to 7,000 ounces of gold in concentrate in the 2013 financial year.
Managing Director Alistair Cowden says the improved forecast comes on the back of a strong performance from its Outokumpu Project in South East Finland.
Altona’s wholly owned Roseby Copper Project in Queensland made news last week when global miner Xstrata PLC (LON:XTA) decided not exercise its option to buy a 51 per cent interest.
Altona Mining posted a net loss of $25 million in the 2012 financial year.
