Metallon reports 40% y/y Ebitda improvement

February 20, 2017

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Zimbabwe-focused gold producer Metallon Corporation grew its earnings before interest, taxes, depreciation and amortisation (Ebitda) by 40% to $18.6-million in 2016, from $13.3-million in 2015.  “2016 was a year of positive progress for Metallon. The business delivered an outstanding Ebitda . . . This was attributable to solid production from operations, especially at How Mine, improved cost efficiencies and a strong gold price,” CEO Ken Mekani said in a statement on Monday.

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