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An update from Metals Exploration ( (GB:MTL) ) is now available.
Metals Exploration PLC has announced a record-breaking financial performance for FY2024, with free cash flow reaching US$96.7 million and gold revenue totaling US$191.1 million. The company also completed the acquisition of Condor Gold, thereby expanding its resource base in Nicaragua. Despite challenges from inclement weather and typhoons, the company’s operations at Runruno maintained a high gold recovery rate of 94.5%, highlighting its operational resilience. The acquisition of Condor Gold is expected to open up new growth opportunities, particularly through the La India project, as Metals Exploration continues to build on its strong balance sheet and promising exploration prospects into 2025.
More about Metals Exploration
Metals Exploration PLC is a gold production, exploration, and development company with assets in the Philippines and Nicaragua. It focuses on the mining and processing of gold, with a significant emphasis on operational efficiency and safety in its projects.
YTD Price Performance: 14.39%
Average Trading Volume: 2,496,560
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £105.8M
For detailed information about MTL stock, go to TipRanks’ Stock Analysis page.
