PYX Resources (PYX AO) recently reported H1 2021 production results of 3,501t zircon which was up 25% YoY, while sales volumes were up 14% YoY to 3,250t. This discrepancy is simply related to the timing of shipments, and we expect the difference to be made up in H2 2021. With production capacity at Mandiri increased, we expect greater capacity utilisation in H2 of this year and further ramp up progress implying that this year’s earnings will be back-weighted compounded by rising prices into H2 2 ....
19 Jul 2021
PYX Resources: H1 Operations Update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
PYX Resources: H1 Operations Update
Pyx Resources Limited (PYX:NEC) | 0 0 0.0%
- Published:
19 Jul 2021 -
Author:
Oliver O’Donnell -
Pages:
12
PYX Resources (PYX AO) recently reported H1 2021 production results of 3,501t zircon which was up 25% YoY, while sales volumes were up 14% YoY to 3,250t. This discrepancy is simply related to the timing of shipments, and we expect the difference to be made up in H2 2021. With production capacity at Mandiri increased, we expect greater capacity utilisation in H2 of this year and further ramp up progress implying that this year’s earnings will be back-weighted compounded by rising prices into H2 2 ....