Atlas meets production and cost guidance, generates A$100m in cash

July 21, 2017

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Australian iron-ore junior Atlas Iron has managed to generate A$100-million in net cash from its operations in the 2017 financial year, while reducing its debt by $79-million to A$103-million, MD Cliff Lawrenson reported on Friday.

The company delivered on its 2017 production and cash cost targets, shipping 14.4-million tonnes of ore in the 12 months and reporting C1 cash costs of A$34.8/wmt free-on-board.

Category: General