20th Jul 2022 12:19
Metals Exploration PLC - mineral resources exploration and development company - Sells 14,992 ounces of gold during the second quarter ended June 30, down 4.4% from 15,685 ounces in the first quarter of the year. Sells it at an average price of USD1,858 per ounce, down 2.1% from USD1,898 quarter-on-quarter. Says operations continued "largely unaffected" by Covid-19 in the period. Records gold sales of USD27.8 million in the second quarter, down 6.7% from USD29.8 million a quarter before. Net debt as at June 30 stood at USD92.9 million, reflecting a 1.4% decrease from USD94.2 million as at March 31. Remains on track to meet its guidance for 2022.
Current stock price: 0.86 pence, down 4.3% on Wednesday
12-month change: down 57%
By Abby Amoakuh; [email protected]
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