viewNQ Minerals PLC

NQ Minerals books revenues of nearly £16mln, as processing at Hellyer continues apace

NQ Minerals has been upping the pace at Hellyer for some time now

NQ Minerals PLC -

NQ Minerals PLC (AQSE:NQMI)(OTCQB:NQMLF)(OTCQB:NQMIY) generated sales of £15.6mln during the six months to June 2020.

Pre-tax losses amounted to £18mln, after £14mln in financing costs were added to selling and distribution expenses and administrative costs.

The company had just over £2mln cash in the bank at the period end operations at Hellyer in Tasmania continued undergoing processing circuit modifications, and production rates have been increased further to 165 tonnes per hour at the end of September 2020.

An average annualised production rate of 1.23mln tonnes per year for the months of July and August 2020 has been achieved, a significant increase from the first quarter of 2020.

Quick facts: NQ Minerals PLC


Price: 3.35 GBX

Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


NQ Minerals eyes ASX dual listing as it advances flagship Hellyer and...

NQ Minerals PLC's (LON:NQMI)(OTCQB:NQMLF) chairman David Lenigas introduces the company to Proactive Australia. NQ owns the Hellyer mine in Tasmania, the Mount Block permit surrounding the project and the recently-acquired Beaconsfield gold mine. The company's recently signed a US$55mln...

on 8/12/20

2 min read