Chrysos Corp. Ltd. (AU:C79) has released an update.
Chrysos Corp. Ltd. has reported a significant increase in revenue, with a 92% year-on-year growth, and a strong performance in its third quarter for FY24, driven by the widespread adoption of its innovative PhotonAssay technology in the global mining industry. The company has also experienced a 28% growth in sample volumes, has signed a new contract for a second unit deployment at Barrick Gold’s Kibali mine, and maintains a robust cash position and growth forecast. Chrysos is well positioned for further expansions with 27 units already deployed and 11 more ready for the upcoming fiscal year.
For further insights into AU:C79 stock, check out TipRanks’ Stock Analysis page.
