H1 was a mixed half for Bushveld, the continuing strong performance of Vametco offset by unexpected challenges associated with the commissioning and subsequent ramp up of Kiln 3 at Vanchem. The latter has prompted the group to reduce full-year group production guidance (with unit cost expectations increased somewhat), though we still expect positive EBITDA for the full-year and H2 capex and debt repayment obligations look adequately covered. The year-exit production rate target of 5,000-5,400t p ....
20 Sep 2022
Year-exit target rate in sight despite Kiln 3 challenges
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Year-exit target rate in sight despite Kiln 3 challenges
Bushveld Minerals Limited (BMN:LON) | 1.1 0 0.0% | Mkt Cap: 26.0m
- Published:
20 Sep 2022 -
Author:
Nick Chalmers -
Pages:
4
H1 was a mixed half for Bushveld, the continuing strong performance of Vametco offset by unexpected challenges associated with the commissioning and subsequent ramp up of Kiln 3 at Vanchem. The latter has prompted the group to reduce full-year group production guidance (with unit cost expectations increased somewhat), though we still expect positive EBITDA for the full-year and H2 capex and debt repayment obligations look adequately covered. The year-exit production rate target of 5,000-5,400t p ....