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.

Galaxy signs off on big lithium year Galaxy signs off on big lithium year Galaxy signs off on big lithium year Galaxy signs off on big lithium year Galaxy signs off on big lithium year

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.

 

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