Australia's Syrah Resources slides on wider interim loss
09/09/2026 01:44
BUZZ-Australia's Syrah Resources slides on wider interim loss ** Shares of Syrah Resources SYR.AX fall as much as 4.8% to A$0.1, their weakest level since August 25
** The Australian miner widens half-year loss after income tax to $107.9 million from loss of $59.8 million last year
** Incurs net cash outflows from operating activities of $46.0 million in half year, compared with $35.9 million last year
** Syrah says progressing further $15 million loan disbursement to unit Twigg Exploration and Mining Limitada from United States International Development Finance Corp, to fund working and sustaining capital at Balama graphite operation in Mozambique
** About 3.1 million shares change hands, 1.4x the 30-day average
** Stock down 66.1%, YTD
(Reporting by Sneha Kumar in Bengaluru)
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