Production to resume at Van Stone zinc mine

A recent improvement in zinc prices has prompted Equinox Resources (TSE) to prepare the Van Stone zinc mine for renewed production.

The 60% owned mine is in northeastern Washington state, south of Cominco Ltd.’s zinc smelter at Trail, B.C. Equinox said production would resume on Aug. 1, “provided zinc prices maintain present levels.” The company has already negotiated a new smelter contract with Cominco.

Equinox acquired its interest in the former producer last year, and operated the mine from April to late October when low zinc prices resulted in a decision to place the mine on care and maintenance.

Zinc prices improved from 44 cents per lb. last October to current levels of about 60 cents per lb.

At last report, the Van Stone mine contained reserves of about 2.5 million tons grading 5.75% zinc and 1.1% lead, sufficient for about an 8-year mine life. Production will be by open pit during the first three years, then by underground methods.