Almonty Industries Reports Positive Q1 EBITDA Amid Net Loss
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Almonty Industries Reports Positive Q1 EBITDA Amid Net Loss

Almonty Industries Inc. (TSE:AII) has released an update.

Almonty Industries Inc. has reported the filing of its unaudited financial statements for Q1-2024, showing a gross revenue increase to $7.824 million and a positive EBITDA of $896K from mining operations. Despite these gains, the company faced a net loss of $3.782 million for the period, attributed to various costs including higher mine production costs and interest expenses.

For further insights into TSE:AII stock, check out TipRanks’ Stock Analysis page.

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