(via NewsDirect)
Hasler highlights the achievement of a 10-year license renewal from the
The company has stockpiled about 9,000 tonnes of these minerals, poised to enhance sales and cash flow. Hasler announced preparations for the first shipment of the year, indicating imminent news on this front. Financially,
Production of premium zircon reached 4,000 tonnes, and total mineral sands production was up by 39% for the quarter. Sales surged by 70% compared to the previous year. He expects the fourth quarter to align with these robust figures.
Hasler says that despite a softening global market, PYX's strategy of diversifying its customer base, especially in stronger economies like
PYX's financial health remains solid, maintaining its net cash position without accruing additional debt. Reflecting on the year, Hasler expressed pride in his team's achievements, especially considering the limited physical presence at the project due to COVID-19 restrictions. Looking ahead, he outlined clear goals for 2024 and thanked stakeholders for their trust and support in PYX's successful year.
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