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Metro Mining Announce Q2 Activity Report

Metal News - Published on Mon, 22 Jul 2019

Image Source: Metro Mining
1. June quarter shipments were 836k Wet Metric Tonnes
2. 3.5Mt expansion works completed and commissioned
3. Shipping levels since mid-June have exceeded 3.5Mtpa rate
4. Sales Revenue (gross) of AUD 48.4 million and site EBITDA of AUD 9.1 million was generated
5. Average price received of AUD 57.29/ WMT with an average margin of AUD 10.89/WMT
6. Definitive Feasibility Study (DFS) for Stage 2 expansion to Annual Production of 6.0M WMT by 2021 is well advanced and completion is expected during the current quarter
7. Metro’s available cash on hand and receivables as at 30 June 2019 was AUD 29.5 million (March Qtr AAUD 13.2 million)
8. Metro remains on track to meet its current production and shipping guidance of 3.3-3.5M WMT

Source :

Posted By : Rabi Wangkhem on Mon, 22 Jul 2019
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