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Metro's earnings, cash holdings on the rise

BAUXITE producer Metro Mining generated earnings of A$5.7 million in the month of June from its Bauxite Hills operation in northern Queensland, with the company expecting EBIDTDA to increase in the current and December quarters as production volumes expand.

Michael Quinn
Metro's earnings, cash holdings on the rise

Earnings for the entire June quarter totalled $9.1 million.   Metro's available cash and receivables at the end of June totalled $29.5 million, up from $13.2 million at the end of the March quarter....

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