Metals Exploration (“MTL”) has released its FY22 results following its recent Q1’23 update. During Q1 gold output was 21.4koz from the company’s Runruno mine in the Philippines following on from 72koz in 2022 and 23.6koz in Q4’22. We believe that the company is well positioned to meet 2023 guidance of 68koz-72koz and we expect production of 70.3koz. We forecast AISC for the year to be US$1,250/oz compared to guidance of US$1,250/oz-US$1,350/oz. Revenues for 2022 were US$129.8m with Q1 2023 reven ....
19 May 2023
Metals Exploration: Degearing progressing following a quarter of solid FCF
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Metals Exploration: Degearing progressing following a quarter of solid FCF
Metals Exploration plc (MTL:LON) | 5.2 0 0.0% | Mkt Cap: 110.5m
- Published:
19 May 2023 -
Author:
Roger Bell | Jonathan Guy -
Pages:
4
Metals Exploration (“MTL”) has released its FY22 results following its recent Q1’23 update. During Q1 gold output was 21.4koz from the company’s Runruno mine in the Philippines following on from 72koz in 2022 and 23.6koz in Q4’22. We believe that the company is well positioned to meet 2023 guidance of 68koz-72koz and we expect production of 70.3koz. We forecast AISC for the year to be US$1,250/oz compared to guidance of US$1,250/oz-US$1,350/oz. Revenues for 2022 were US$129.8m with Q1 2023 reven ....