Metals Exploration (GB:MTL) has released an update.
Metals Exploration PLC reported robust financial and operational results for Q1 2024, with gold revenue reaching $44.4 million and sales of 21,465 ounces at an increased average price of $2,069 per ounce. The company generated a positive free cash flow of $21.6 million and appointed Nick von Schirnding as the new Independent Non-Executive Chairman. Additionally, they announced the acquisition of a promising exploration tenement in the Philippines and fully repaid their mezzanine debt, setting a solid foundation for future growth.
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