Moly Mines ups June Q production
PERTH (miningweekly.com) – ASX- and TSX-listed Moly Mines reported a 43% increase in production and a 95% increase in shipments during the three months to June, despite heavy rains in Western Australia.
The miner reported that during the quarter under review, some 252 895 t of iron-ore was mined, while 330 949 t of ore was shipped.
Revenue for the quarter was up by 64% to A$33.3-million, while the realised cost and freight price was down 18% on the previous quarter, allowing for an operating cash cost of A$65.7/t.
Earnings before interest, depreciation and amortization for the quarter reached A$5.5-million.
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