Bisichi Mining’s Profits Surge Amidst Production Boost

Bisichi Mining (GB:BISI) has released an update.

Bisichi Mining reports a robust first half of 2024 with profits before tax soaring to £5 million from a mere £0.3 million in the previous year, driven by doubled production and reduced mining costs at their South African operation, Black Wattle Colliery. Despite lower coal prices and South African rail constraints impacting revenue, which slightly dipped to £23.5 million from £25.9 million in the first half of 2023, the company has declared a steady interim dividend of 3p per share. The firm remains optimistic about continued benefits from their mining improvements and stabilization in coal prices as they move into the second half of the year.

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