OM Holdings Limited (ASX:OMH) Announces Q4 2024 Production and Financial Update
Production Volumes
OM Holdings Limited reported that FY24 production volumes marginally exceeded upper guidance by 3%. The company has converted both silicon metal furnaces to FeSi production, leading to a preliminary FY25 production guidance of 435-450 ktpa.
Operational Achievements
OM Sarawak was awarded the Diamond Award under the Large Enterprise category at the Bintulu Sustainability Awards 2024. Additionally, the Mn ore mine remains under care and maintenance with ongoing rehabilitation works focused on repairing damaged landforms.
Financial Update
OM Holdings Limited repaid US$12.4 million to Project Finance Lenders, enhancing its financial stability.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.