Pyx Resources Limited (GB:PYX) has released an update.
PYX Resources Limited, the world’s third-largest premium zircon producer, has announced a significant financial turnaround with its first positive EBITDA since listing, reaching US$22.8k, a 457% increase compared to the previous year. The company highlighted operational efficiencies, reduced production costs, and an 84% increase in mineral sands sales. With a strong, debt-free balance sheet, PYX is poised for future growth, having secured new licenses and accolades for environmental and social governance excellence.
For further insights into GB:PYX stock, check out TipRanks’ Stock Analysis page.
