Independence Group
(ASX:IGO) has released its activity report for the quarter ending December 2016.
In regards to its unaudited results, the company is expecting underlying EBITA of $43.7 million, and NPAT of $10.2 million in the December quarter.
The company also expects total revenue for the quarter to be $128.5 million.
However, in regards to zinc and copper production at its Jaguar mine in Western Australia, Independence Group says "Production was weaker during the December quarter” due to lower grades and lower underground production.
Independence Group posted a net loss of $58.8 million at 30 June 2016.
