Tungsten West (LSE:TUN) has confirmed that phased commissioning of the Hemerdon tungsten and tin mine will begin later this month, keeping the project on schedule in line with previously announced plans. Ahead of the production restart, the company has launched an expanded engagement programme with local communities and regulators to provide updates on the timing, scope and phased approach to the commissioning process.
The recommissioning programme will start with the fines gravity circuit and downstream processing facilities during the third quarter of 2026, followed by the coarse gravity circuit in the fourth quarter. Full project commissioning remains targeted for the first quarter of 2027, with management expecting the redevelopment to be completed within budget. As preparations continue, Tungsten West has recruited more than 100 employees and expects its workforce to grow to around 350 people by early 2027, highlighting the project’s increasing operational readiness and contribution to the local economy.
Despite continued operational progress, Tungsten West’s investment outlook remains constrained by ongoing losses, negative cash flow, increased debt and negative shareholders’ equity reported for the 2025 financial year. While recent share price momentum has been encouraging, the company’s valuation continues to reflect its loss-making position, with a negative price-to-earnings ratio and no dividend support.
More about Tungsten West Plc
Tungsten West Plc is a UK mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon. The project is intended to re-establish one of the world’s largest tungsten resources as a significant domestic supplier of strategically important metals. Alongside the mine’s redevelopment, the company is committed to working closely with local communities and building a predominantly local workforce to support long-term operations.
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