Grange Resources Limited (AU:GRR) has released an update.
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Grange Resources Limited reported a drop in concentrate and pellet production in the first quarter of 2024 due to scheduled maintenance, alongside a decrease in average received prices and a rise in unit cash operating costs. Despite this, the company has completed a Definitive Feasibility Study (DFS) suggesting strong financial returns and operational efficiencies for a new underground mining project. Additionally, the company maintained a strong cash position after paying dividends and investing in significant capital projects.
For further insights into AU:GRR stock, check out TipRanks’ Stock Analysis page.
