MIN mineral resources limited

Ann: Quarterly Activity Report - Q2 FY25, page-144

  1. 260 Posts.
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    https://hotcopper.com.au/data/attachments/6820/6820962-dcfa96074a222448b4d304404830d14d.jpg

    I must have read the wrong report?


    I thought I read this:


    Mining Services EBITDA up almost 50% from PCP to $379m from $254M


    Stable production volumes 136M wmt - last year it was 139m


    Two new crushing contracts and renewed four existing external crushing contracts


    Shipments 9.7M across all hubs from 8.7M PCP


    This will increase massively over the next 12 months


    No Dividend – to conserve cash during this intensive growth stage – good call


    Ramp up of Onslow going according to plan – while weathering a cyclone thank you very much – still on target to reach 35 mtpa in four months


    Still have 720M cash on hand


    Plus 800m debt facility untouched to date


    All this achieved with very serviceable debt and plenty of cash on hand and without diluting us shareholders


    Well done – thank you very much CE

    Last edited by spoksfriend: 19/02/25
 
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