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Metals Exploration PLC - Philippines-focused gold producer - Says in the first quarter of 2024, gold revenue grows 28% to $44.4 million from $34.7 million in the final three months of 2023. Gold sales in the three months to March 31 are 21,465 ounces sold at an average realised gold price of $2,069 per ounce. In the the quarter ended December 31, gold sales were 17,514 oz at an average price of $1,980 per ounce. Affirms that tno lost time injuries occurred during the period, with over 22 million hours worked without a reportable injury. Adds that mining production of ore in the first quarter and waste was above forecast at 3.31 million tonnes, with a total of 678,000 tonnes of ore mined. Chief Executive Officer Darren Bowden says: ‘The first quarter of the year has continued to see a strong performance at Runruno. Production was above forecast with excellent gold sales and continued high average recovery rates at 90%.’ Current stock price: 5.54 pence, up 3.6% 12-month change: more than doubled from 2.06p Copyright 2024 Alliance News Ltd. All Rights Reserved.
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