Afarak Group Plc (GB:AFRK) has released an update.
Afarak Group SE reported a 9.7% increase in production in Q1 2024 compared to the same period last year, driven by strong mining outputs in South Africa, which offset a decrease in processing volumes due to maintenance. Despite a minor dip in Turkish mining activity, the company’s overall growth was supported by favourable ore market prices. Afarak Group specializes in alloy production with operations in southern Europe and South Africa, and is listed on both NASDAQ Helsinki and the London Stock Exchange.
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