Production report Q1 2024
06/05/2024 15:30
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15:30 London, 17:30 Helsinki, May 06 2024 - Afarak Group SE (“Afarak” or
“the Company”) (LSE: AFRK, NASDAQ: AFAGR)
Production report Q1 2024
Afarak Group production during the first quarter of 2024 was higher by 9.7%
when compared to same period of last year.
Q1/2024 Q1/2023 Change FY 2023
Speciality Alloys mt 23,411 24,359 -3.9% 86,834
Processing mt 6,901 7,581 -9.0% 21,179
Mining mt 16,510 16,778 -1.6% 65,655
South African mines mt 70,278 61,045 15.1% 270,946
Mining mt 70,278 61,045 15.1% 270,946
Processing
* The processing volumes decreased by 9.0% during the first quarter of 2024
when compared to the first quarter of 2023. This was due to a maintenance
which had to be carried out due to a minor technical issue.
Mining
* The overall mining activity increased significantly when compared to same
period of last year mainly due to an increase in the tonnes mined in South
Africa. The output increased in South Africa due to the continued favourable
prices in the Ore market.
* Mining activity at the Turkish mines remained constant with the levels
observed during the corresponding period of 2023, with a marginal decrease of
1.6%.
Helsinki, May 06, 2024
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Afarak Group SE
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available on the
Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable
growth with a Speciality Alloys business in southern Europe and a
FerroAlloys business in South Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media
www.afarak.com
Attachment
* Afarak_Production report_2024_Q1_EN
(https://ml-eu.globenewswire.com/Resource/Download/bebf3250-35bc-408f-b554-0c9861b8ee32)