Afarak Group: Production report Q1 2024
07 May 2024 - 12:30AM
UK Regulatory
Afarak Group: Production report Q1 2024
15:30 London, 17:30 Helsinki, May 06 2024 - Afarak Group SE
(“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)
Production report Q1 2024
Afarak Group production during the first quarter of 2024 was
higher by 9.7% when compared to same period of last year.
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Q1/2024 |
Q1/2023 |
Change |
FY 2023 |
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Speciality Alloys |
mt |
23,411 |
24,359 |
-3.9% |
86,834 |
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Processing |
mt |
6,901 |
7,581 |
-9.0% |
21,179 |
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Mining |
mt |
16,510 |
16,778 |
-1.6% |
65,655 |
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South
African mines |
mt |
70,278 |
61,045 |
15.1% |
270,946 |
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Mining |
mt |
70,278 |
61,045 |
15.1% |
270,946 |
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Processing
- The processing
volumes decreased by 9.0% during the first quarter of 2024 when
compared to the first quarter of 2023. This was due to a
maintenance which had to be carried out due to a minor technical
issue.
Mining
- The overall
mining activity increased significantly when compared to same
period of last year mainly due to an increase in the tonnes mined
in South Africa. The output increased in South Africa due to the
continued favourable prices in the Ore market.
- Mining activity
at the Turkish mines remained constant with the levels observed
during the corresponding period of 2023, with a marginal decrease
of 1.6%.
Helsinki, May 06, 2024
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Afarak Group SE
Guy Konsbruck, CEO, +356 2122
1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available
on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on
delivering sustainable growth with a Speciality Alloys business in
southern Europe and a FerroAlloys business in South
Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the
Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media
www.afarak.com
- Afarak_Production report_2024_Q1_EN
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