Sierra Rutile Holdings Ltd (“Sierra Rutile”; “SRX”) released its Q1 operations update on 28th April, revealing a weaker quarter of production due to lower grades and unscheduled mining interruptions. Rutile production was down 13% on Q4’22, to 32kt, implying a catch up will be required in Q2-Q4 to meet unchanged full-year guidance of 140-144kt. However, SRX had previously flagged that output would be H2-weighted as grades are set to improve over the course of the year. Moreover, mining performan ....
