News: IGO IGO Says Qtrly Sales Revenue A$178.7 Mln

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    Jan 31 (Reuters) - IGO Ltd (IGO) :

    • QTRLY SPODUMENE PRODUCTION 358 KT VERSUS 379 KT REPORTED YEAR AGO
    • QTRLY SALES REVENUE A$178.7 MILLION VERSUS A$253.1 MILLION REPORTED YEAR AGO
    • QTRLY TOTAL COPPER IN CONCENTRATE PRODUCTION 2,465T VERSUS 1,953 T REPORTED YEAR AGO
    • QTRLY SHARE OF NET PROFIT OF TLEA A$167.4 MILLION
    • QTRLY TOTAL NICKEL IN CONCENTRATE PRODUCTION 7,118 T VERSUS 7,179 T REPORTED YEAR AGO
    • ANTICIPATES A SMALL IMPAIRMENT TO BE RECORDED AGAINST FORRESTANIA ASSETS IN FIRST HALF FY24 RESULTS
    • ANY IMPAIRMENT WILL NOT IMPACT UNDERLYING FULL YEAR EBITDA.
    • NOVA FY24 PRODUCTION AND CASH COST GUIDANCE HAS BEEN REVISED TO 21,000 - 22,000 TONNES
    • NOVA AND FORRESTANIA ASSETS REMAIN CASH POSITIVE DESPITE CURRENT MARKET CONDITIONS
    • NOVA METAL PRODUCTION IS EXPECTED TO REMAIN CONSTRAINED DURING MARCH QUARTER
    • GREENBUSHES PRODUCTION GUIDANCE HAS BEEN REVISED TO 1,300 – 1,400 KT FOR FY24
    • KWINANA’S PRODUCT REMAINS QUALIFIED AND FURTHER QUALIFICATION WITH POTENTIAL CUSTOMERS IS CONTINUING
    • FORRESTANIA'S FY24 CAPEX GUIDANCE IS REDUCED TO A$10M - A$13M
    • NOVA’S FY24 CAPEX GUIDANCE REMAINS UNCHANGED
    • COSMOS WILL BE TRANSITIONING TO CARE AND MAINTENANCE, AND IGO EXPECTS THIS PROCESS TO BE CONCLUDED BY 31 MAY 2024
 
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