With Paul it is always important to note what is not disclosed. The metallurgical performance is a mistery, but indications are not good. With 128 tonne of Zn-concentrate grading "close to" 50% Zn we have a recovery of 64 tonne of zinc metal. Even if the 9,211 tonne mill feed contained only 1% zinc, the recovery was less than 70%. I suspect the feed grade of zinc was higher, which would make the recovery much lower.
Without any details on silver and lead grade of the feed and the Pb grade of the concentrate, it is impossible to even guess performance for these metals. It will not have been good.
Ann: Quarterly Activities Report & Cashflow, page-6
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