Hartleys Research has a ‘buy’ on Metals X (MLX) after it completed its first full year of gold production since acquiring Alacer’s (AQG) assets in October 2013.
Hartleys Research has a “buy" on Metals X (MLX) after it completed its first full year of gold production since acquiring Alacer’s (AQG) assets in October 2013.
MLX finished its first full year with 180,361 ounces at total cash costs of $999 an ounce (exceeding guidance of 150,000 ounces at $1000 an ounce) and generating EBITDA of $106.9 million.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
