A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Lithium producer Allkem announced yesterday it achieved record annual group revenue of $1,207.8 million for the year ended 30 June 2023 , a ~1.6x increase year on year.
The company noted that average realized pricing for lithium carbonate almost doubled y-o-y to $43,981/t FOB, adding that the gross cash margin of 89% remains robust. Importantly, the company noted that strong cash generation and existing net cash balance of $648.4 million is expected to fully fund committed projects.
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