Business
Q4 Cobre Sales (US $2.139M) Sets New Record
Q4 Cobre Sales (US $2.139M) Sets New Record.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2543B Strategic Minerals PLC 09 January 2018 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n09 January 2018\n \nStrategic Minerals plc\n \n(\"Strategic Minerals\" or \"the Company\")\n \nQ4 Cobre Sales (US $2.139M) Sets New Record \n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to provide the following update on magnetite ore sales at the Company's Cobre operations for the three months to December 2017, and to inform the market of cash available at the end of quarter. \n \nSales update on Cobre magnetite tailings operations \n \nThe Company reports that it achieved sales of US $2.139m (30,730 tons) during the December 2017 quarter, marginally up on the September quarter (US $2.036m / 29,539 tons) and again setting a new quarterly record. Given that the September quarter partly reflected clearance of prepaid June tonnage, this is a strong result. \n \nThe 2017 annual sales of US $5.638m (84,980 tons) represents over a 300% increase on 2016 sales of US $1.552m (25,385 tons). Subject to audit review, the Board anticipates 2017 will see the Company record its first before tax profit in excess of US $1m.\n \nThe record breaking domestic sales for the December 2017 quarter and volume details are as follows:\n \n\n\n\n\n \n\n\nTonnage\n\n\nSales (US $'000)\n\n\n\n\nYear \n\n\n3 months to Dec\n\n\n12 months to Dec\n\n\n3 months to Dec\n\n\n12 months to Dec\n\n\n\n\n2017\n\n\n30,730\n\n\n84,980\n\n\n2,139\n\n\n5,638\n\n\n\n\n2016\n\n\n9,43...