Almonty Reports Positive EBITDA and Financial Results for H1 2023

Almonty Industries Inc. (ASX: ALL) has announced the submission of its unaudited interim condensed consolidated financial statements and management's discussion & analysis (MD&A) for the six months ended June 30, 2023. The financial data indicates positive EBITDA of AU$1.1 million from mining operations. The company's gross revenue for the six months was AU$12.6 million, while mine production costs totaled AU$11.0 million.

General and administrative costs were AU$3.15 million, and there was a net loss of AU$3.8 million for the period. Almonty owns tungsten mining operations in Spain, Portugal, and South Korea, with the Los Santos Mine, Panasqueira mine, Sangdong mine, and the Valtreixal tin/tungsten project. The company continues to develop its mining assets and navigate challenges in the global mining industry. For further details, visit Almonty's website or its profile on sedar.com.

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