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News: GXY Galaxy Resources Posts Qtrly Production Volume Of 14,306 DMT Lithium Concentrate At Mt...

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    23/04/20
    09:40
    Post #: 44204515

    April 23 (Reuters) - Galaxy Resources Ltd (GXY) :

    • QTRLY PRODUCTION VOLUME OF 14,306 DRY METRIC TONNES OF LITHIUM CONCENTRATE AT MT CATTLIN
    • 20% SALARY CUT APPLIED TO BOARD & EXECUTIVE TEAMS
    • LITHIUM CONCENTRATE PRODUCTION VOLUME FOR Q2 2020 EXPECTED TO BE BETWEEN 25,000 - 30,000 DMT
    • DESPITE CONTINUED UNDERPERFORMANCE IN Q1 2020, LITHIUM SECTOR OUTLOOK STILL POSITIVE IN MID-TERM
    • GALAXY RESOURCES-REMAINS ON TRACK TO ACHIEVE KEY OPERATING PARAMETERS OF MINE & PROCESSING PLAN FOR 2020
    • FULL IMPACT OF COVID-19 ON SALES REMAINS UNCERTAIN & FLUID
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