15 January 2021 | 10:08am
StockMarketWire.com - Mining company Metals Exploration reported record gold sales of $37.9 million in the fourth quarter of 2020, up from $31.3 million in the previous quarter.
The company said total sales for the year ending 2020 were $122 million, a 30% increase on the previous year.
Chief executive Darren Bowden said: ‘This has been a record quarter for the company having achieved a 26% increase in gold ounces sold and $37.9 million of sales revenue. We are particularly pleased to have achieved this given the ongoing challenges of COVID-19 that all companies are dealing with at this time as well as the impact of the four Typhoons during the quarter which resulted in heavier than anticipated rainfall which impacted mining operations.