Good evening
No posts since 28/12/23:
Not a bad week gone when it is all said and done.
Not holding.
1/4erly report published 31/7/24 ... of note:
▪Quarterly production of 3.9M wmt, record sales of 3.4M dmt, revenue of $467M, EBITDA of $181M1 and EPS of $0.16
▪ DRPF project advancing as planned for an expected commissioning in calendar H2 2025, including an additional $58M deployed in the quarter and cumulative investments to date of $154M
▪ High-purity iron ore added to the Canadian government's critical mineral list
▪Strong cash position of $294.7 million as at June 30, 2024, including $259.9 million in cash and cash equivalents and $34.8 million in restricted cash for the previously declared dividend payment, an overall decrease of $105.4 million since March 31, 2024, mainly due to the timing of customer payments associated with the concentration of sales at the end of the quarter, progress on the DRPF project, and tax payments primarily related to the previous financial year; and
• Available liquidity to support growth initiatives, including amounts available from the Company’s credit facilities, totalled $860.8 million1at quarter-end, compared to $942.1 million1 as at March 31, 2024