16th Jul 2015 09:29
LONDON (Alliance News) - Anglo Pacific Group PLC on Thursday said production rates at Kestrel, its main royalty asset, improved in the second quarter of 2015.
Production from the mine, operated by Rio Tinto PLC in Australia, rose to 1.118 million tonnes in the second quarter, up from 0.72 million a year earlier. Kestrel production within the Anglo Pacific royalty area during the first half was 22%, and in line with the company's previous guidance of 20% to 25%.
"The first two quarters of 2015 have been encouraging for Anglo Pacific with revenues from the company's Kestrel royalty continuing to perform in line with our expectations," said Chief Executive Julian Treger.
Anglo Pacific shares were up 2.9% to 88.5 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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