Bisichi Mining (GB:BISI) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Bisichi Mining PLC faced a challenging financial year in 2023, with a substantial decrease in earnings primarily due to lower export sales impacted by the performance of Transnet and lower coal prices. Despite difficult mining conditions and lowered production at Black Wattle Colliery, the opening of a new mining area led to improved coal production and reduced costs. The company remains optimistic about future performance, given stable coal prices and improved operations at Black Wattle. A total year-end dividend of 4p per share was proposed, reflecting a cautious stance in light of the year’s difficulties.
For further insights into GB:BISI stock, check out TipRanks’ Stock Analysis page.