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    MMI   AU000000MMI6

METRO MINING LIMITED

(MMI)
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Metro Mining : Bauxite Hills November Production Results

12/09/2019 | 08:25am EDT

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

November was another strong month for the Bauxite Hills Mine with shipment levels of 463K Wet Metric Tonnes putting Metro in position to successfully achieve 3.5M Wet Metric Tonnes for 2019.

Metro Mining Managing Director and Chief Executive Officer, Simon Finnis, said: 'This is another very pleasing result for the team, both on and off site. We are on target to meet the upper end of guidance. 'It has been a very successful operational year and I am extremely proud of the effort and performance of the Metro team and our contracting partners. '

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 to buy or sell shares in any jurisdiction.

(C) 2019 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
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 364%
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