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The latest announcement is out from Group 6 Metals Limited ( (AU:G6M) ).
Group 6 Metals reported a record quarter at its Dolphin Tungsten Mine, with WO3 production rising more than 51% quarter-on-quarter to 26,175 MTUs and processing throughput reaching 70,004 tonnes of ore, supported by ongoing plant improvements and continued stockpile processing as the operation prepares to transition from open cut to underground mining. The company achieved record sales of 27,007 MTUs, generating AU$17.55 million in revenue and positive operating cash flow, while significantly reducing total debt from $34.1 million to $24.2 million and ending the quarter with $3.5 million in cash, positioning it to benefit from a sharp rise in ammonium paratungstate prices over the past year as global demand for tungsten strengthens and supply remains constrained.
The most recent analyst rating on (AU:G6M) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Group 6 Metals Limited stock, see the AU:G6M Stock Forecast page.
More about Group 6 Metals Limited
Group 6 Metals Limited is an Australian resources company focused on the development and operation of the Dolphin Tungsten Mine at Grassy, Tasmania. The company produces tungsten concentrate (WO3) and is positioning itself as a significant global supplier of this critical mineral, which is in demand from defence, aerospace, electric vehicle and electronics industries amid constrained supply and limited Western production sources.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$25.1M
For detailed information about G6M stock, go to TipRanks’ Stock Analysis page.