The consolidated entity recorded a profit after income tax for the 6 month period to 31 December 2020 of $11.0 million (December 2019: loss $5.23 million). The result was impacted by a number of key factors including:● Revenue from continuing operations amounted to $68.09 million, compared to $32.98 million in the previouscorresponding period, with increased sales of copper, zinc and lead concentrates and more favourable metal pricesas compared to the previous corresponding period;● Net realised and unrealised foreign exchange losses increased by $1.05 million as compared to the previouscorresponding period with foreign exchange losses of $1.19 million in the current period as compared to foreignexchange losses of $0.14 million realised in the prior corresponding period;● Sales realisation costs increased from $10.28 million at December 2019 to $12.68 million at December 2020 with theincreased cost of realising higher sales tonnage (up 62%) being substantially offset by decreased treatment chargesper tonne of zinc concentrate (period on period decrease of AUD 270 / tonne); and● Production costs (excluding movement in ore and concentrate stocks on hand) increased from $17.47 million atDecember 2019 to $21.49 million at December 2020 (refer note 4 of accounts), primarily due to higher tonnes being mined and processed at the Thalanga Operation.
RVR Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
