UK's Tungsten West reports £0.6 mln yearly revenue, plans Hemerdon mine restart

Tungsten West

08/04/2026 07:10

Overview

UK mining company's unaudited revenue for year ended March 2026 was £0.6 mln

Company targets first phase production re-start at Hemerdon mine in Q3 2026

Secured £22.3 mln mining equipment finance package and advanced debt funding up to $85 mln

Outlook

Tungsten West targets first phase fines gravity processing restart in Q3 2026

Company expects full plant commissioning from Q1 2027

Result Drivers

MARKET PRICES - Co said stronger tungsten and tin prices have further improved project economics

EQUIPMENT FINANCING - Co secured £22.3 mln mining equipment finance package to support self-performed mining operations

Company press release: ID:nRSH5416Za

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 600,000


Analyst Coverage

Wall Street's median 12-month price target for Tungsten West PLC is GBp62.20, about 70.4% above its April 7 closing price of GBp36.50

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)