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    MMI   AU000000MMI6

METRO MINING LIMITED

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

06/09/2020 | 11:15am EDT

Metro Mining (ASX: MMI) is pleased to provide production and shipping results for the month of May 2020.

The strong start to 2020 continued with further excellent production results in May that, despite some minor weather delays during the month, again exceeded budget. It is expected that Metro Mining will comfortably achieve production guidance for the June 2020 quarter.

Metro Mining Managing Director and Chief Executive Officer, Simon Finnis, said: 'During these challenging times it is very pleasing to see these results, showing that the experience of the team on site is translating to greater productivity. We have significant stocks at the Port so we are well positioned to continue to produce at these higher levels '

Contact:

Tel: +61 (0) 7 3009 8000

Email: info@metromining.com.au

Web: www.metromining.com.au

FORWARD LOOKING STATEMENT

Statements & material contained in this ASX Release, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of Metro Mining, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events & expectations and, as such, involve known and unknown risks & uncertainties. Although reasonable care has been taken to ensure facts stated in this Release are accurate and/or that the opinions expressed are fair & reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. Actual results & developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this Release should be construed as either an offer to sell or a solicitation of an offer

(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 -0,96x
Yield 2021 -
Capitalization 53,8 M 39,1 M 39,1 M
EV / Sales 2021 0,50x
EV / Sales 2022 0,33x
Nbr of Employees -
Free-Float 90,7%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,02 AUD
Average target price 0,07 AUD
Spread / Average Target 312%
EPS Revisions
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