Galaxy Resources Limited Reports Earnings Results for the Half Year ended June 30, 2018; Provides Production and Tax Rate Guidance for 2018
The company expects commissioning in third quarter with production improvements to be realized in fourth quarter. It expects to be able to increase recoveries in the range of 70% to 75%, lifting annual production volumes to between 220,000 and 240,000 tonnes. It's effective tax rate is going to be lower than 35% because of the recent changes. It's going to -- somewhere just under 30%.