Revenue improved to £23.12mln for the period, up from £10.93 in the same period in 2016, though cost of sales rose to £42.72mln from £39.27mln.
In the period, the company’s processing plant treated 959,958 tonnes of ore to produce 79,099 tonnes of tungsten. Production and sales were up 36% and 37% respectively compared to the previous period, Wolf noted.
Operationally, the focus is on the mine turnaround plan – and specifically, on improving ore feed blending for the processing plant. Additionally, the completion of a Stage 3.1 construction project for the mining waste facility is also a priority.
Wolf reported a total comprehensive loss of £29.16mln for the six months, compared to £50.64mln in the same period in the preceding year.