Record Shipments and Strong Cash Position
CXO.AX achieved record quarterly shipments of 33,000 dry metric tonnes of concentrate, generating $41.7 million in revenue. The company ended the year with a strong cash balance of $87.6 million and remains debt-free.
Significant Resource Increase
The exploration team increased the Mineral Resource to 48.2 million tonnes, marking a 58% increase. This positions the company well for future growth and development.
Low Operating Costs
Quarterly operating unit costs were the lowest of the year at $644 per tonne, demonstrating effective cost control measures implemented at the start of the calendar year.