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Base Resources reports strong sales and hits upper end of production guidance in second quarter

Base Resources Ltd's (LON:BSE) chief financial officer Kevin Balloch tells Proactive's Andrew Scott they were able to operate in the second quarter uninterrupted at the Kwale mine in Kenya with production coming in at the higher end of guidance. Demand from customers was firm and supported further upward movement in ilmenite prices, while rutile and zircon prices remained steady. Base finished the quarter with cash of US$87.6mln in the bank.

Quick facts: Base Resources Limited

Price: 14 GBX

AIM:BSE
Market: AIM
Market Cap: £164.92 m
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Base Resources announces maiden dividend with effective yield of 14%

Base Resources Limited's (LON:BSE)(ASX:BSE) chief financial officer Kevin Balloch speaks to Proactive following the announcement of a maiden dividend alongside the release of its 2020 results this week. The maiden dividend of 3.5 cents per share implies a yield of around 14%. Base booked revenue...

on 27/8/20

2 min read