Pilbara Minerals Posts Strong Production Amid Revenue Dip

Pilbara Minerals Limited (AU:PLS) has released an update.

Pilbara Minerals Limited reported a solid operational quarter with a 2% increase in spodumene concentrate production and a record monthly production in March at reduced costs, despite a 27% revenue drop due to lower realized prices. The company also strengthened its market position with expanded offtake agreements and a joint feasibility study for a downstream conversion plant, maintaining a strong cash balance of $1.8B after continued investments in expansion projects.

For further insights into AU:PLS stock, check out TipRanks’ Stock Analysis page.