CAPITAL MARKETS

Galaxy signs off on big lithium year

LITHIUM spodumene producer Galaxy Resources nearly doubled operating earnings in 2018 from its Mt Cattlin operation in Western Australia, while the now-confirmed sale of brine tenements in Argentina to POSCO for US$280 million has seen the company declare a group profit after tax of $150 million.

Mt Cattlin, Western Australia

Mt Cattlin, Western Australia

Stripping out the gain of $146.8 million gain on the POSCO transaction sees Galaxy report a net profit after tax from operations of $3.5 million, a 26-fold increase on the result in 2017. Nearly 160,000t...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Lynas loses ground
PREVIOUS: Alkane ends 2018 on a high

MOST POPULAR

1

MINERS

Gold Road rules out buying 'renovator's delight' mines

2

CAPITAL MARKETS

Executive Outcomes: Wia, GR and more

3

MINERS

Pilbara points to improved pricing in lithium sector as it delivers 'very solid' quarter

4

ESG

Permitting timeline awaited as Capricorn adds gold reserves to proposed Mt Gibson project

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902