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IN BRIEF: Andrada Mining revenue jumps on higher production

29th Nov 2023 14:27

Andrada Mining Ltd - African technology metals mining company with a portfolio of mining and exploration assets in Namibia - Says in the six months to August 31, revenue grew by 87% to GBP8.8 million from GBP4.7 million the year before. Says revenue growth was driven by a 67% increase in tin concentrate production to 758 tonnes, resulting in a 58% increase in contained tin to 454 tonnes compared to the first six months of financial 2023. Meanwhile, pretax loss narrowed to GBP2.8 million from GBP3.7 million the year before.

Current stock price: 5.56 pence, up 3.0%

12-month change: up 28%

By Sabrina Penty, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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