Aurelia Metals Limited ( (AUMTF) ) has released its Q2 earnings. Here is a breakdown of the information Aurelia Metals Limited presented to its investors.
Aurelia Metals Limited is an Australian mining and exploration company primarily engaged in the extraction of base and precious metals, with operations centered in New South Wales. The company holds a significant position in the Cobar Basin, known for its rich mineral deposits, and is focused on producing metals essential for a low-carbon future.
In its latest earnings report for the half-year ending December 31, 2024, Aurelia Metals Limited showcased a robust financial performance with a 10% increase in revenue to $162.4 million compared to the previous year. The company reported a significant turnaround in profitability, achieving a net profit after tax of $17.95 million, up from a loss of $2.03 million in the prior period.
Key financial highlights include a 67% increase in EBITDA to $51.9 million and a substantial improvement in net profit before income tax, which surged to $25.26 million from $665,000. The company’s operational focus on the Federation Mine, which commenced ore production, and the expansion of the Peak processing plant, contributed to these positive results. Despite the cessation of operations at the Dargues Mine, the company maintained a strong cash position with $96.7 million at the end of the period.
Looking ahead, Aurelia Metals Limited remains committed to its growth strategy, focusing on the development of the Great Cobar copper-gold deposit and the expansion of its processing capabilities. The company is optimistic about its future prospects, leveraging its strategic assets and exploration potential to deliver long-term value to shareholders.