Australia's Jervois Global drops to 3-week low as Q4 production slumps

Jervois Global

30/01/2023 02:27

** Shares of Australia's Jervois Global Ltd  JRV.AX  fall as
much as 10.5% to A$0.278, set to mark worst day since Nov 11,
2022, if losses hold 
    ** Stock hits lowest since Jan 4 
    ** The mining and exploration co posts Q4 2022 cobalt sales
of 1,355 metric tonnes from its Jervois Finland project compared
with 1,407 metric tonnes in the previous quarter 
    ** Says Q4 2022 Jervois Finland revenue came in at $73.0 mln
V/S $84.6 mln in the third quarter
    ** Adds Q4 2022 Adjusted EBITDA loss was at $7.1 mln
compared with an EBITDA loss of $0.6 mln in the previous
quarter, impacted by higher cost inventory unwind, among others
    ** Jervois stock up 12.7% this year, as of last close  
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))