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Lynas Corporation Provides Quarterly Activities Report

12 Jul 2017  |  08:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Lynas Corporation provided quarterly activities report. In the quarter, ending unrestricted cash, at A$35.9m, includes A$0.8m from the exercise of 20.5m warrants by certain convertible bondholders at a price of A$0.038. For the fourth consecutive quarter, its sales established new records in both volume and revenue, with over A$75m in revenue for this quarter. Production related cash outflows were A$44.1m, higher than forecast at A$42.5m. Total cash at 30 June 2017 of A$63.9m comprised unrestricted cash of A$35.9m and restricted cash of A$28.0m. A further inflow of A$0.78m was received from the exercise of warrants by certain convertible bondholders. The six-month interest bill, a total of A$5.1m, was paid from operating cash flow.

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