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Iluka up on higher production

SHAREHOLDERS have welcomed news of a debt reduction and improved zircon, rutile and synthetic rutile sales volumes in Iluka Resources’ March quarter production report, driving the stock 11.7% higher to A$8.20 in morning trade.

Andrew Hobbs
Iluka up on higher production

The company generated $218.5 million in revenue in March, of which $204.3 million came from its Z/R/SR sales, down 5.4% from the December quarter’s $253.2 million total revenue and 16.1% lower than the...

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