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Ten Sixty Four Limited ( (AU:X64) ) has shared an update.
Ten Sixty Four Limited reported a 6% increase in gold production at the Co-O Mine, reaching 13,895 ounces in the December 2024 quarter despite a decrease in ore tonnage. This improvement is attributed to higher-grade mining zones and enhanced mining efficiency. The company’s all-in-sustaining-costs decreased to US$1,994 per ounce, while gold recovery remained consistently high. The Tigerway Decline Project reached 88.49% completion, marking a significant milestone with its integration into underground operations, which is expected to improve access and safety. Financially, the company ended the quarter with US$5.1 million cash, reflecting a slight decrease from the previous quarter.
More about Ten Sixty Four Limited
Ten Sixty Four Limited is involved in the mining industry, primarily focusing on gold production and exploration activities. The company has operations in the Philippines, with significant involvement in the Co-O Mine through a 40% indirect equity interest.
YTD Price Performance: -80.0%
Average Trading Volume: 3,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $80.91M
See more insights into X64 stock on TipRanks’ Stock Analysis page.
