Pilbara Minerals reports Q2 results

Jul. 29, 2022 6:27 PM ETPilbara Minerals Limited (PILBF)By: Pranav Ghumatkar, SA News Editor6 Comments
  • Pilbara Minerals press release (OTCPK:PILBF): closed the Quarter with a strong cash balance of $874.2M, inclusive of $282.4M of irrevocable bank letters of credit for shipments completed within the Quarter.
  • Production of 127,236 dry metric tonnes of spodumene concentrate (56% increase from the March 2022 Quarter: 81,431 dmt), including first concentrate from the Ngungaju Plant’s fines circuit.
  • Annual FY22 production of 377,902 dmt (34% increase from FY21: 281,098dmt), at the upper end of the guidance range of 340-380,000 dmt.

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