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Base Resources reports strong sales and hits upper end of production guidance in second quarter

Base Resources Ltd's (LON:BSE) chief financial officer Kevin Balloch tells Proactive's Andrew Scott they were able to operate in the second quarter uninterrupted at the Kwale mine in Kenya with production coming in at the higher end of guidance. Demand from customers was firm and supported further upward movement in ilmenite prices, while rutile and zircon prices remained steady. Base finished the quarter with cash of US$87.6mln in the bank.

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Price: 15.9 GBX

AIM:BSE
Market: AIM
Market Cap: £187.3 m
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Base Resources says production remains uninterrupted with Kwale operations...

Base Resources Limited's (LON:BSE) (ASX:BSE) chief financial officer Kevin Balloch talks Proactive's Andrew Scott through its September quarter highlights. It produced 65,863 tonnes of ilmenite and 15,513 tonnes of rutile in the third quarter, versus 84,843 and 19,035 respectively in the second...

on 16/10/20

2 min read