Metals X Revenue Soars Despite Lower Tin and Copper Realised Price Amid Higher Sales Volume

  • Oct 30, 2019 AEDT
  • Team Kalkine

Metals X Limited (ASX: MLX), a tin and copper miner, released the September 2019 quarter report (for the quarter ending 30 September 2019).

  • During the quarter, MLX produced 2,056 tonnes of tin contained in concentrate with an all-in sustaining cost (AISC) of $16,105 per tonne of tin.
  • The contained copper concentrate production for the quarter stood at 3,425 tonnes with an AISC of $11,655 per tonne of copper.
  • The tin division of the company witnessed an EBITDA of $9.3 million with a net cash flow of $5.5 million on a 50 per cent basis.
  • The copper division of the company witnessed an EBITDA of $12.9 million with a net cash flow of $24.4 million.

At 1:28 PM AEST on 30 October 2019, MLX was trading at $0.190, down by 2.5%.

 

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