Syrah reduces graphite guidance

SYRAH Resources has revised downwards production forecasts for the year from its new Balama graphite operation in Mozambique, with the company now expecting positive cashflows from late 2018.

Syrah reduces graphite guidance Syrah reduces graphite guidance Syrah reduces graphite guidance Syrah reduces graphite guidance Syrah reduces graphite guidance

The Balama operation is going through what currently seem typical teething issues for a new project.

Syrah is now targeting 135,000-145,000 tonnes for the year, down from the original target of 160,000-180,000t target and an earlier downward revision to 160,000t.

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