Metals Exploration (“MTL”) announced its operational results for Q4’21 and FY21 as the company achieved record annual gold poured, gold sales and sales proceeds. The records tumbled as operational enhancements continue to bear fruit, notably through continuous improvements of gold recoveries, up 16% YoY to 83.7% with impressive recoveries of 89.0% in Q4’21. On the back of solid results, MTL further reduced its debt burden, down to US$98.9m at year end. Consistent performance from Runruno’s turna ....

21 Jan 2022
Metals Exploration: 2021 marks a record year as turnaround nears completion

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Metals Exploration: 2021 marks a record year as turnaround nears completion
Metals Exploration plc (MTL:LON) | 7.7 0 1.3% | Mkt Cap: 198.0m
- Published:
21 Jan 2022 -
Author:
Roger Bell | Ryan Hampton -
Pages:
3 -
Metals Exploration (“MTL”) announced its operational results for Q4’21 and FY21 as the company achieved record annual gold poured, gold sales and sales proceeds. The records tumbled as operational enhancements continue to bear fruit, notably through continuous improvements of gold recoveries, up 16% YoY to 83.7% with impressive recoveries of 89.0% in Q4’21. On the back of solid results, MTL further reduced its debt burden, down to US$98.9m at year end. Consistent performance from Runruno’s turna ....