Proactive Investors - Run By Investors For Investors

Wolf Minerals reveals improved production and sales in interim report

Production and sales were up 36% and 37% respectively compared to the previous period
Wolf Minerals mine in Devon
The interim loss narrowed significantly to £29.16mln from £50.64mln

Wolf Minerals (LON:WLFE) reported interim results revealing narrower losses, thanks in part to higher revenues generated by its tungsten mine in Devon.

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.

READ: Wolf Minerals sees turning point as lenders provide more support

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.


View full WLFE profile View Profile

Wolf Minerals Timeline

Related Articles

lithium in periodic table
January 17 2018
Ironridge has an extensive West African and Australian exploration portfolio
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on
Marble lobby
January 03 2018
Has Fox Marble finally turned the corner? Recent news flow has been positive and Mother Nature seems to have taken the company off her hit list

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use