Metals Corp’s Record Copper Production Boosts Revenue

Metals Corp (MTAL) has released an update.

Metals Acquisition Limited reported a record-breaking June 2024 quarter with copper production soaring by roughly 24% to 10,864 tonnes and financials bolstered by an 18% revenue increase to approximately $78 million, excluding pre-sales. Operational efficiency and high-grade ore processing led to significant cost reductions and a robust boost in cash reserves by around 25% to $88.6 million. Strategic investments and a focus on safety, despite zero injuries in June, underscore the company’s strong performance and optimistic outlook.

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