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Metro Mining Limited Announce Quarter 2 2019 Activity Report

Q2 2019 Highlights

  • June quarter shipments were 836k Wet Metric Tonnes (WMT)
  • 3.5Mt expansion works completed and commissioned
  • Shipping levels since mid-June have exceeded 3.5Mtpa rate
  • Sales Revenue (gross) of A$48.4M and site EBITDA of A$9.1m was generated
  • Average price received of A$57.29/ WMT with an average margin of A$10.89/WMT
  • 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
  • Metro’s available cash on hand and receivables as at 30 June 2019 was A$29.5M (March Qtr A$13.2M)
  • Metro remains on track to meet its current production and shipping guidance of 3.3-3.5M WMT
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