Lion One Metals ( (TSE:LIO) ) just unveiled an update.
Lion One Metals Limited reported a record mine operating income of C$6.3 million for Q4 CY2024, driven by increased gold production at its Tuvatu Gold Mine in Fiji. The company also achieved ISO 17025 accreditation for its internal assay laboratory, enhancing its operational credibility. The record income represents a 312% increase from the previous quarter, attributed to higher gold grades and recoveries, as well as a cost-cutting program that reduced the cost of sales per ounce by 13%. Notably, 56% of the high-grade mineralized material mined during the quarter was sourced from outside the current Mineral Resource Estimate, suggesting potential for resource expansion.
More about Lion One Metals
Lion One Metals Limited is a mining company focused on the exploration and development of gold resources. The company operates the Tuvatu Gold Mine in Fiji, which is its primary asset.
YTD Price Performance: -8.93%
Average Trading Volume: 396,946
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$75.93M
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