Focus Minerals Ltd ( (AU:FML) ) has provided an update.
Focus Minerals Ltd, a company involved in the mining industry, has announced its intention to restate its 2024 Half Year Financial Statements. The restatement is due to an error in the classification of expenses related to the Greenfields pit, which is set to be converted into an in-pit tailings storage facility once mining operations cease. This correction will result in a decrease in the net loss before tax by $23,112,757 and an increase in net assets by the same amount. The company anticipates an unqualified audit opinion for its full-year accounts, indicating a positive outlook for stakeholders.
More about Focus Minerals Ltd
YTD Price Performance: 50.0%
Average Trading Volume: 1,654
Technical Sentiment Signal: Sell
Current Market Cap: $36.95M
For an in-depth examination of FML stock, go to TipRanks’ Stock Analysis page.