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Cornish Metals PLC - developing South Crofty tin mine in Cornwall, England - In an activity update on Wednesday, Cornish Metals says the economics for the South Crofty project are being supported by current tin prices around $53,000 a ton. This gives the project a net present value using a 6% discount rate of £500 million, compared to the company’s market capitalisation of £135.7 million. Tin has a range of industrial uses, including to make the solder used to stick together the computer components needed for artificial intelligence servers. Currently most supply comes from China, Myanmar and Indonesia. Cornish Metals says surface civil works at the Roskear shaft are complete, and a new works and stores facility is nearing completion. Orders are being placed for long-lead items, including shaking tables for the processing plant and cages for the New Cook’s Kitchen mine shaft. ‘I am pleased to report continued strong progress across multiple workstreams at South Crofty,’ says Chief Executive Officer Don Turvey, adding: ‘As we continue to grow the team, developing a skilled workforce remains a key priority to ensure South Crofty is well positioned as it transitions through development and into production.’ Current stock price: 108.15 pence 12-month change: up 38% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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