Pilbara Minerals Limited (AU:PLS) has released an update.
Pilbara Minerals Limited reports a robust financial year with a 17% increase in spodumene concentrate production and a 16% sales volume boost. Despite a challenging lithium market and a 74% drop in average realized price, the company sustained a strong EBITDA margin of 43% and ended the year with a solid $1.6 billion cash balance. Strategic expansions and acquisitions, including the commencement of the P680 Project and the acquisition of Latin Resources, set the stage for future growth.
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