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IN BRIEF: Bushveld quarterly sales double and production rises

ALN

Bushveld Minerals Ltd - South Africa-focused iron ore and tin exploration and development company - Says for the three months ending June 30, production rose by 26% to 840 million tonnes from 668 million tonnes a year prior. Weighted average production costs for the second quarter of the year were down by 12% to $27.4 per unit of volume from $31.2 the year before. Adds sales in the period were 1.68 billion tonnes, more than doubled from 787 million tonnes in the second quarter of 2022.

Current stock price: 2.38 pence, down 8.3% on Wednesday

12-month change: down 59%

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