Andrada upbeat on continued growth following 'transformational' financial year
Tin producer Andrada Mining achieved a record operational performance and positive free cash flows at its Uis mine, in Namibia, for the quarter ended February 28, providing a solid foundation for growth and the scaling of production over the coming year, CEO Anthony Viljoen notes in a business update to shareholders for the financial year ended February 28. "Tin concentrate production increased by 20% year-on-year, reflecting continued operational improvements and supporting cash flow generation across the Group. The extension of our long-standing partnership with our tin offtaker, Thaisarco, as well as the injection of capital from the European Investment Bank‘s technical assistance facility for the integration of the lithium processing circuit, further adds value as we scale production at Uis," he comments.
Tin producer Andrada Mining achieved a record operational performance and positive free cash flows at its Uis mine, in Namibia, for the quarter ended February 28, providing a solid foundation for growth and the scaling of production over the coming year, CEO Anthony Viljoen notes in a business update to shareholders for the financial year ended February 28. "Tin concentrate production increased by 20% year-on-year, reflecting continued operational improvements and supporting cash flow generation across the Group. The extension of our long-standing partnership with our tin offtaker, Thaisarco, as well as the injection of capital from the European Investment Bank‘s technical assistance facility for the integration of the lithium processing circuit, further adds value as we scale production at Uis," he comments.
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