Metals Exploration (“MTL”) has released its FY24 results, highlighting the excellent year of production at Runruno, as well as shoring up the balance sheet by paying off debt. Higher gold prices increased total cash from operations 33.7% YoY, which supported the acquisitions of YMC and Condor Gold, as well as decreasing net debt by 71.2%. Key financial metrics had been announced in previous quarterly operational reports, and as such our target valuation remains unchanged. The continued strong ca ....
