
Metro Mining has published a detail operational report for the September quarter. Total September quarter shipments totalled 822,000 tonnes, more than double the amount shipped in the June quarter (399,000t). The Bauxite Hills mine operated close to budgeted monthly production and shipping levels during the September quarter.

The company continued to focus on optimising the mining, haulage and transhipment of products in order to improve efficiency and maximise bauxite production and shipment. The company achieved excellent progress and sees several opportunities coming for Q4 2018 and the 2019 operating year.
Stockpiles of oversize bauxite totalled 46kWMT by the end of September quarter which is in line with expectations. The stockpile is ready to be crushed and shipped during the December quarter. Performance at the Barge Loading Facility continued to improve through the quarter with increasing operating rates reducing loading time for the barges and resulting in shorter turnaround times.
Unit operating costs averaged AUS$ 46/WMT during the quarter. The cost is well within the budget considering September quarter was the first full operating period for Bauxite Hills. On a unit cost basis, going forward operating costs will benefit from anticipated higher monthly shipping volumes and other upcoming opportunities.
Based on anticipated mining and shiploading rates for the December quarter of 2018, Metro expects to achieve its targeted production of 2 milion tonnes for the 2018 Calendar Year.The full benefits of the opportunities will be realised in the 2019 operating year. Metro Mining generated gross sales revenue of AUS$ 43.8 Million in the September quarter. Metro’s available cash on hand and trade receivables as at 30 September 2018 was AUS$38.2M. compared to AUS$30.6M in June Qtr.
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