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Syrah Resources Provides Q1 2019 Interim Update

14 Mar 2019  |  09:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Q1 2019 Interim Update

Syrah Resources announced that it continues to ramp up its Balama Graphite Operation in Mozambique and provides an update on its expected Q1 2019 graphite pricing, production and cash position. Sales volumes are expected to exceed production volumes, between 45kt - 50kt dependent on shipping completions in March 2019. It remains optimistic that improved prices are achievable on the basis of the forward contract and product mix. It continues to focus on optimising production volume and cost against price. Production is on track in Q1 2019 for 45kt in line with the lower end of guidance.

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