Metro Mining released their Q3 operating activities update yesterday. The expanded operation has successfully been demonstrated this quarter (see fig 1), and recently shown it can operate above the budgeted 7m wmt pa rate. Benefits of the economies of scale are beginning to materialise. Site costs have come down 25% QoQ, and expected to continue into Q4. Bauxite pricing received increased 2.5% QoQ. This delivered a site EBITDA margin of A$13.8/wmt and generated net cash from operations of A$29. ....
