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The latest announcement is out from Metals Exploration ( (GB:MTL) ).
Metals Exploration PLC reported strong financial results for 2024, with record gold revenue of $191.1 million and free cash flow of $96.7 million, driven by robust performance at the Runruno mine. The company is debt-free and has executed strategic acquisitions, including Condor Gold Plc and YMC Group, to ensure continued cash flow and growth. The La India project in Nicaragua is set to begin production by the end of 2026, while the Dupax exploration target near Runruno presents further growth potential. The company has received several awards for its operations in the Philippines, highlighting its commitment to environmental and community standards.
More about Metals Exploration
Metals Exploration PLC is a gold production, exploration, and development company with assets in the Philippines and Nicaragua. It operates the Runruno gold mine in the Philippines and is developing the La India gold project in Nicaragua. The company aims to be a leading gold producer in these regions, focusing on responsible resource management and community enhancement.
Average Trading Volume: 5,697,158
Technical Sentiment Signal: Buy
Current Market Cap: £195.5M
For an in-depth examination of MTL stock, go to TipRanks’ Stock Analysis page.