Brief: Kopy Goldfields Q1 EBITDA Up At USD 11.1 Million

Kopy Goldfields AB (publ)

31/05/2022 07:11

May 31 (Reuters) - Kopy Goldfields AB (publ)  KOPY.ST :
    * FIRST QUARTER REPORT – MARCH 31, 2022
    * Q1 REVENUE UP 32% TO TUSD 25,654 DRIVEN BY 23% HIGHER
SALES
VOLUMES AND 8% HIGHER GOLD PRICE
    * Q1 GROSS PROFIT UP 92% TO TUSD 13,960. GROSS MARGIN
INCREASED TO
54% (38% IN Q1 2021)
    * Q1 EBITDA INCREASED BY 55% TO TUSD 11,142. EBITDA MARGIN
INCREASED TO 43% (37% IN Q1 2021)
    * Q1 PROFIT FOR PERIOD AMOUNTED TO TUSD 3,700 (TUSD 7,870 IN
Q1
2021)
    * EXPECT TO BE ABLE TO INCREASE GOLD PRODUCTION DURING Q2
    * YUBILEYNIY PLANT CURRENTLY OPERATES AT FULL CAPACITY
    * WHILE HEAP LEACHING AT YUBILEYNIY SITE WAS COMMENCED TWO
YEARS
AGO, 2022 IS FIRST YEAR FOR NEW HEAP LEACH PLANT AT PEREVALNOE
    * WE REMAIN ON TRACK TOWARDS OUR SHORT AND LONG TERM
PRODUCTION
TARGETS

Source text for Eikon:  ID:nMFN3d20jN 
Further company coverage:  KOPY.ST 

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