Business
Final Results for the Year Ended 31 December 2021
Final Results for the Year Ended 31 December 2021.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \n \n 16 May 2022\n \n \n \n \n \n \n \n \n METALS EXPLORATION PLC\n \n \n \n \n \n \n \n \n \n Final Results for the Year Ended 31 December 2021\n \n \n \n \n \n \n \n \n Metals Exploration plc (AIM: MTL) (the \"\n Company\n \" or the \"\n Group\n \"), a gold producer in the Philippines, announces its final audited results for the year ended 31 December 2021.\n \n \n \n \n \n The financial information set out in this announcement does not comprise the Group's statutory accounts for the years ended 31 December 2021 or 31 December 2020. The financial information has been extracted from the statutory accounts of the Group and the Company for the years ended 31 December 2021 and 31 December 2020. The auditors reported on those accounts; the 31 December 2021 and 31 December 2020 reports were unqualified and did not contain a reference to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under either Section 498 (2) or Section 498 (3) of the Companies Act 2006. The statutory accounts for the year ended 31 December 2020 have been delivered to the Registrar of Companies, whereas those for the year ended 31 December 2021 will be delivered to the Registrar of Companies following the Company's annual general meeting.\n \n \n \n \n \n To access a full version of the 2021 annual report, please go to the Company website investor centre webpage.\n \n \n \n \n \n PRODUCTION AND FINANCIAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n \n FY2021\n \n \n \n \n \n \n FY2020\n \n \n \n \n \n \n % CHANGE\n \n \n \n \n \n \n \n \n GOLD PRODUCTION (ounces)\n \n \n \n \n \n \n \n \n 73,206 ozs\n \n \n \n \n \n 67,552 ozs\n \n \n \n \n Up 8.4%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n AVERAGE GOLD RECOVERY (% of head grade)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 84.5%\n \n \n \n \n \n 72.2%\n \n \n \n \n Up 17.0%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n LOST TIME INJURIES\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NIL\n \n \n \n \n \n NIL\n \n \n \n \n Nil - no lost time injuries\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n SALES REVENUE...