Metro Mining Limited (AU:MMI) has released an update.
Metro Mining Limited reports a strong second quarter in 2024 with a 13% rise in net FOB prices from the previous quarter and a 12% year-over-year increase in shipments, achieving a record 1.42 million wet metric tonnes. The company has successfully completed an expansion project, commissioning the final components to reach a 7 million wet metric tonne per annum capacity, and has revised its 2024 shipment guidance to 6.0 to 6.4 million WMT due to Q2 delays. Additionally, a $45 million funding round has bolstered Metro’s balance sheet, enabling the early repayment of debt and supporting ongoing operational improvements.
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