Moly Mines Releases Highlights from Most Recent Quarter

Industrial Metals

Moly Mines Ltd. (TSX:MOL,ASX:MOL) provided the highlights of its Quarterly Activities Report and Quarterly Cashflow Report for the period ended June 30, 2013, commenting that its gross sales revenue came in at $33.3 million, a 64-percent increase from the previous quarter.

Moly Mines Ltd. (TSX:MOL,ASX:MOL) provided the highlights of its Quarterly Activities Report and Quarterly Cashflow Report for the period ended June 30, 2013, commenting that its gross sales revenue came in at $33.3 million, a 64-percent increase from the previous quarter.

According to the press release, other mine performance highlights include:

  • Four shipments for the quarter including one shipment delayed from March into early April.
  • 252,895 wet ore tonnes mined for the Quarter, up 43% from previous Quarter
  • 330,949 wet ore tonnes shipped (sold) for the Quarter, up 95% from previous Quarter
  • 59.6% Fe average grade of ore shipped
  • Gross sales revenue:
    • June Quarter: $33.3M, up 64% from previous Quarter
    • Realised CFR price of $106.6/t, down 18% from previous Quarter
  • Operating cash costs / tonne of ore shipped: $65.7/t
  • Mine EBITDA: $5.5M for the Quarter
  • Ore stocks on hand at end of Quarter: 78,259 tonnes (excluding 625,754 tonnes of low grade)

Click here to read the full Moly Mines Ltd. (TSX:MOL,ASX:MOL) press release. 

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