Base Resources Reports Full-Year Production Results
Base Resources reports full-year production results, including metrics for rutile, ilmenite, and zircon. Fourth-quarter performance and fiscal year 2024 guidance also discussed.
Base Resources has announced that its full-year production for the fiscal year ending June 30th is in line with expectations. However, the company experienced a decline in output during the fourth quarter. Despite this, Base Resources has confirmed its fiscal 2024 production guidance.
During the fiscal year, Base Resources produced the following:
Notably, all production figures were within their respective guidance ranges.
In the fourth quarter, there was a decline in production across all three minerals:
Sales revenue slightly increased in the quarter, reaching $695 per ton compared to $691 in the previous year. However, operating costs rose to $240 per ton from $152, resulting in a cost ratio of 2.6 compared to 3.5.
Looking ahead to fiscal year 2024, Base Resources has reaffirmed its production guidance set out last month. The company expects the following production volumes:
For more information, please contact Christian Moess Laursen.