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NQ Minerals notches up record monthly profit at Hellyer mine

Unaudited net profit before tax in November was A$2.44mln (£1.29mln) on revenues of A$5.64mln

NQ Minerals PLC -
Lead, zinc, silver and gold are all produced at Hellyer

NQ Minerals PLC (LON:NQMI) made record profits from its Hellyer mine in Tasmania last month.

Unaudited net profit before tax in November was A$2.44mln (£1.29mln) on revenues of A$5.64mln.

Total tonnes processed during the month were 73,352, with recoveries at 47.3% lead and 40.4% zinc.

“Work is continuing to improve lead and zinc recoveries and the prognosis for the full fourth quarter and into 2020 is looking strong, " said NQ's new chairman David Lenigas in a statement.

 

Quick facts: NQ Minerals PLC

Price: 6.75 GBX

AQSE:NQMI
Market: AQSE
Market Cap: -
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