Aurelia Metals Limited (ASX:AMI) Announces Half Year FY25 Financial Results
Financial Performance
Aurelia Metals Limited reported an underlying EBITDA of $49.7 million for Half Year FY25, representing a 53% increase from the previous period. The underlying net profit after tax (NPAT) reached $15.6 million, up $17.4 million. The company maintained a strong cash balance of $96.7 million with no drawn debt. Additionally, the Total Recordable Injury Frequency Rate (TRIFR) improved to 5.68, a decrease of 34%.
Operational Achievements
The company produced its first Federation concentrate, marking a significant milestone in its operational progress. Cash flow from operations continues to support the company’s growth initiatives. Aurelia Metals emphasised strong operational performance, highlighting the successful ramp-up of mining rates and the completion of key infrastructure upgrades at the Federation mine.
Future Outlook
Aurelia Metals provided guidance for FY25, targeting group gold production of 40-50 koz, copper production of 2.5-3.5 kt, zinc production of 14-20 kt, and lead production of 13-19 kt. The company is on track to meet its production and cost guidance, with group operating costs expected to range between $185 million and $220 million. The company also outlined plans for the Great Cobar and Peak Plant optimisations, aiming to increase processing capacity and move towards a final investment decision in H2 FY25.
Motley Fool contributor Matt Burgess 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.
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