CuFe Limited (AU:CUF) has released an update.
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CuFe Limited has reported a net loss of $13.62 million for the financial year 2024, attributed mainly to non-cash amortisation and operational challenges including weather disruptions and a decline in iron ore prices. The company is looking to divest its JWD mining rights and focus on promising exploration and development projects in copper and iron ore. Shareholders are to vote on the proposed sale of the JWD operation on 10 October 2024.
For further insights into AU:CUF stock, check out TipRanks’ Stock Analysis page.
