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Lion One Metals ( (TSE:LIO) ) has shared an update.
Lion One Metals Limited reported record quarterly gold sales and production from the Tuvatu Gold Mine in Fiji for Q4 2024, achieving a 72% increase in revenue compared to the previous quarter. The company sold 4,741 ounces of gold, leading to C$18.0M in revenue, with increased gold prices and improved operational efficiencies contributing to the financial success. The consistent quarter-over-quarter growth and the strategic plan to double plant capacity by 2026 position Lion One for significant future expansion.
More about Lion One Metals
Lion One Metals Limited operates in the gold mining industry, focusing on the production and sale of gold from its Tuvatu Gold Mine in Fiji. The company emphasizes increasing gold production and enhancing gold grades and recoveries to boost revenue.
YTD Price Performance: 1.79%
Average Trading Volume: 265,032
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$75.8M
See more insights into LIO stock on TipRanks’ Stock Analysis page.
