Oct 30 (Reuters) - IGO Ltd (IGO) :
- QTRLY SPODUMENE PRODUCTION 414 KT
- QTRLY NET PROFIT AFTER TAX A$391.5 MILLION, UP 186% QOQ
- FY24 HAS COMMENCED STRONGLY FOR IGO
- DECEMBER QUARTER SPODUMENE SALES FROM GREENBUSHES ARE LIKELY TO BE LOWER THAN PRODUCTION
- QTRLY SALES REVENUE A$248.4 MILLION VERSUS A$285.2 MILLION REPORTED A YEAR AGO
- NOTE RECENT VOLATILITY IN LITHIUM MARKET, IMPACT ON PARTICIPANTS ACROSS SUPPLY CHAIN
- DECEMBER QUARTER SPODUMENE SALES FROM GREENBUSHES LIKELY TO BE LOWER DUE TO DEFERRAL OF SOME PRODUCT SHIPMENTS DURING CURRENT QUARTER
- MAY BE NECESSARY TO REDUCE PRODUCTION AT GREENBUSHES DURING THE SECOND HALF OF FY24
- QTRLY TOTAL COPPER IN CONCENTRATE PRODUCTION 2,341 TONNES
- GREENBUSHES SHAREHOLDERS WORKING ON MECHANISMS TO MANAGE SURPLUS VOLUMES TO MINIMISE ANY IMPACT TO OPERATIONS
- FY24 GREENBUSHES PRODUCTION GUIDANCE REMAINS UNCHANGED AT 1,400 – 1,500 KT
- NOVA CASH COSTS ARE FORECAST TO BE HIGHER IN 2Q24
- FY24 PRODUCTION AND COST GUIDANCE REMAINS UNCHANGED AT FORRESTANIA
- FY24 PRODUCTION AND COST GUIDANCE REMAINS UNCHANGED AT NOVA
- NICKEL PRODUCTION EXPECTED TO TREND LOWER NEXT QUARTER FOR FORRESTANIA
- MAINTAINS FY24 GUIDANCE RANGE OF A$65M – A$75M FOR EXPLORATION EXPENDITURE
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