Iluka Resources (ASX:ILU) released their quarterly review today showing they produced less zircon and mineral sands in the 2019 June quarter than the 2018 June quarter.
Zircon sales were affected by trade and geopolitical tensions impacting sentiment in key markets.
The company’s $270 million Cataby project has been commissioned and first production of heavy mineral concentrate achieved during this period.
Mineral sands revenue fell 10.1 per cent year to date (YTD) compared to June 2018 figures while total cash costs of production rose by 12 per cent.
Shares in Iluka Resources (ASX:ILU) trading 6.8 per cent lower at $10.36.