Noranda Income Fund provided production and sales guidance for the first quarter ended March 31, 2022 and revised production guidance for the full year 2022. The company's Zinc metal production in the first quarter of 2022 is expected to be 57,588 tonnes, compared to 66,345 tonnes in the first quarter of 2021. The company's Zinc metal sales are expected to be 56,826 tonnes, compared to 66,277 tonnes in the first quarter of 2021.

As a result, the company is revising its annual production and sales target to between 255,000 and 265,000 tonnes of zinc, from its previously disclosed target of between 270,000 to 280,000 tonnes for 2022.