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Metals X swings to loss

METALS X swung from a profit to an A$18.4 million loss after tax for the December half, following the December 2016 demerger of its Westgold Resources arm and lower copper production at Nifty, which was beset with problems in the back period.

Haydn Black
Metals X swings to loss

Without Westgold’s substantial contribution Metals X’s revenue fell to $88 million while on the other side of the ledger the cost of sales was $89 million and the costs of investing and financing was some...

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