PYX Resources Announces Departure of Non-Executive Director
The mining company has announced the departure of a non-executive director after over 2 years of service.
The mining company has announced the departure of a non-executive director after over 2 years of service.
The mining company announces details for its upcoming Annual General Meeting, including information on how shareholders can participate virtually.
The mineral sands producer faced a challenging year with a 59% revenue drop and continued losses. Despite some operational improvements, market headwinds and cash concerns persist.
The mineral sands producer reported a 51% revenue drop and continued losses in its annual results, despite reducing its overall loss by 67%. Cash reserves declined as operating cash flow remained negative, raising concerns about future financial stability.
The major shareholder DAPALA 2014, S.L. has notified the company that it now holds a 6.19% stake in PYX Resources.
The mining company faces a major royalty hike in Indonesia, which will significantly impact its profitability. The company is in talks with authorities to try and reverse the decision.
The mineral sands producer has shipped its first 350 tonnes of high-grade rutile to a customer in China, marking a key milestone as it looks to capitalize on rising demand for the mineral.
The mining company faced temporary operational setbacks in Q3 2024, but maintained strong demand for its products.
The mineral sands producer has received a modified licence to export rutile, a significant milestone that will strengthen its market position.
The mineral sands producer reported its first positive EBITDA since listing, with a 457% improvement in underlying EBITDA. Despite weather-related challenges, the company achieved significant cost reductions and increased sales volume.