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Record Profits and Production for NQ

Published by , Editorial Assistant
Global Mining Review,

London listed NQ Minerals Plc, the base and precious metals producer from the Hellyer gold mine in Australia, has announced that November 2019 was a strong month for production, with a provisional mine unaudited net profit before tax for November at AUS$2.44 million on revenues of AUS$5.64 million.

David Lenigas, Chairman of NQ Minerals, commented: “The company is seeing excellent P&L and operational performance from its flagship Hellyer Mine in Tasmania. Work is continuing to improve lead and zinc recoveries and the prognosis for the full fourth quarter and into 2020 is looking strong.”

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Australian mining news