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13 April 2021 | 13:52pm
StockMarketWire.com - Mining company Metals Exploration has reported that it sold 18,316 ounces of gold in the first quarter of 2021, although gold sales were lower than the previous quarter.
The company said that it sold the gold at an average realised gold price of $1,788 per ounce, amounting to gold sales in the first quarter of $32.8 million, down from $37.9 million in the fourth quarter of 2020.
Chief executive Darren Bowden said: Following on from our record quarter in Q4 2020 we are very pleased to report further excellent progress during Q1 2021 with gold sales continuing to be strong, with 18,316 ounces sold during the quarter.
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.