Metals X (ASX:MLX) said lower production volumes resulted in an 8% decrease in total cash production costs of AU$50.1 million for the March quarter, compared with AU$54.2 million in the fourth quarter of 2024, according to a Wednesday Australian bourse filing.
The Renison tin operation in Tasmania, in which it holds a 50% stake, achieved a total tin production of 2,432 tonnes of tin-in-concentrate for the quarter, compared with 3,329 tonnes in the fourth quarter of 2024.
It received 48.4% of tin-in-concentrate tonnes shipped during the March quarter, compared with 50.35% in the previous quarter.
It received the final annual interest payment of AU$1.4 million as settlement of the 4% coupon payable under the initial three-year term of the convertible notes issued to Cyprium Metals (ASX: CYM).
Its shares rose 2% in recent trading on Wednesday.
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