MLX 0.00% 24.0¢ metals x limited

News: MLX Metals X Posts Qtrly Tin Division EBITDA Of $4.1Mln

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    Jan 31 (Reuters) - Metals X Ltd (MLX) :

    • QTRLY TIN DIVISION EBITDA OF $4.1MLN
    • QUARTERLY PRODUCTION OF 1,652T TIN-IN-CONCENTRATE, 19% LOWER THAN PREVIOUS QUARTER
    • TIN PRODUCTION GUIDANCE FOR FY 2019/20 REAFFIRMED
    • PRODUCTION GUIDANCE FOR FY 2019/20 IS REAFFIRMED AS 7,000 - 7,400T OF TIN-IN-CONCENTRATE
    • CANACCORD AND HARTLEYS WILL, WITH BOARD, EXPLORE OPTIONS FOR COPPER ASSETS INCLUDING JV & DIVESTMENT OF SOME OR ALL OF COPPER ASSETS
    • INCURRED $10.4M DURING QUARTER IN UPFRONT COSTS OF PLACING NIFTY INTO CARE AND MAINTENANCE
    • FURTHER $6M IS EXPECTED TO BE SPENT IN CURRENT QUARTER AS NIFTY TRANSITION TO STEADY STATE C&M
 
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