PRESS RELEASE
25 AUGUST 2015 FULL YEAR RESULTS FOR FINANCIAL YEAR ENDED 30 JUNE 2015The Board of Metals X is pleased to release the full year results for 2015.
Key Financial Highlights
• Revenue of $315.2M, up 32%.
» Gold Division Revenue $232.8M, up 45%.
» Tin Division Revenue $79.6M, up 5%.
» Other Revenue $2.8M, up 49%.
• EBITDA of $82.6M, up 15%.
• Net Profit of $40.9M, up 9%.
• Net Operating Cash Flow of $82.8M, up 13%.
• Annual Dividend declared of 2.95cps (26% franked) - record date of 2 September
2015.
• Return on Equity of 12%.
• Net cash at bank at 30 June 2015 of $99.0M.
• Cash and working capital at 30 June 2015 $94.9M.
• Net Debt at 30 June of $4.9M.
• Net Assets increased to $346.3M, up by 11%.
• Capital and exploration works funded of $73.7M, up 51%.
Commenting on the financial results Metals X, Executive Director and CEO, Peter Cook said:
"This is a good result in what has been a trying year for resource companies. We have grown, we have made good profits and we have shared that with our shareholders. More importantly we have established a platform for higher outputs and higher profits in future years whilst remaining debt free."
End
ENQUIRIES
Peter Cook Warren Hallam
Executive Director & CEO Executive Director
e: peter.cook@metalsx.com.au e: warren.hallam@metalsx.com.au
Metals X Limited is a diversified group exploring and developing minerals
and metals in Australia. It is Australia's largest tin producer, a top 10 gold producer and holds a pipeline of assets from exploration to development including the world class Wingellina Nickel Project.
CORPORATE DIRECTORYASX Code: MLX
OTCQX Code: MTXEF
Level 3, 18-32 Parliament Place
West Perth WA 6005
Australia
PO Box 1959
West Perth WA 6872
Australia
t: +61 8 9220 5700 f: +61 8 9220 5757
reception@metalsx.com.au www.metalsx.com.au
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