CAPITAL MARKETS

MZI production rises amid cash falls

CASHFLOWS were negative for mineral sands company MZI Resources during the December quarter, but higher production at the company’s flagship Keysbrook project has set the scene for a stronger 2017.

Andrew Hobbs
MZI production rises amid cash falls

Operating cash outflows totalled $A8.6 million during the December quarter on the back of $7.4 million in customer receipts – with Keysbrook also cashflow negative at $3.9 million. The company said this...

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