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    MMI   AU000000MMI6

METRO MINING LIMITED

(MMI)
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Metro Mining : Bauxite Hills Mine, June Production Results

07/07/2020 | 11:09am EDT

Metro Mining (ASX: MMI) is pleased to provide production and shipping results for the June quarter 2020.

Metro achieved a record shipping month in June with a total of 536,454WMT loaded onto Ocean Going Vessels. Combined with the strong performances in April and May, Metro has exceeded the upper end of June quarter guidance by 150,688WMT (14%). Mining rates remained high but were kept below shipping rates in order to reduce stockpiles to a level easier to manage.

Metro Mining Managing Director and Chief Executive Officer, Simon Finnis, said: 'We have exceeded expectations throughout the entire June quarter, demonstrating that this level of production is sustainable. I must again congratulate all our operational teams, contract partners and all staff who have performed unbelievably well under the difficult circumstances we're all experiencing as a result of COVID-19. '

Contact:

Tel: +61 (0) 7 3009 8000

Email: info@metromining.com.au

Web: www.metromining.com.au

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 158 M 115 M 115 M
Net income 2021 -95,9 M -69,6 M -69,6 M
Net Debt 2021 25,5 M 18,5 M 18,5 M
P/E ratio 2021 -0,86x
Yield 2021 -
Capitalization 47,8 M 34,8 M 34,7 M
EV / Sales 2021 0,46x
EV / Sales 2022 0,30x
Nbr of Employees -
Free-Float 90,7%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,02 AUD
Average target price 0,07 AUD
Spread / Average Target 364%
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Managers and Directors
Simon Wensley Chief Executive Officer, MD & Director
Duane Woodbury Chief Financial Officer
Douglas Campbell Walter Ritchie Independent Non-Executive Chairman
Graham Tanner Operations Manager
Stephen Craig Everett Non-Executive Director