Metals X Limited Reports Quarterly Financial Update

Metals X Limited (AU:MLX) has released an update.

Metals X Limited reported a decrease in tin production due to lower ore grades, with 2,272 tonnes produced in Q1 2024 compared to 2,714 tonnes in the previous quarter. The company commenced an on-market share buy-back and saw its cash reserves increase by $24.45 million to $167.49 million. The LME tin spot price closed higher and Metals X began shipments under a new agreement with Yunnan Tin Group after fulfilling commitments to Thaisarco Smelting.

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