Pilbara Minerals has flagged pushing production at its Pilgangoora mine in Western Australia beyond a million tonnes a year after posting a $2.4 billion profit.
The company declared a fully franked dividend of 14¢ a share.
, after posting a full-year net profit of $2.4 billion on Friday. Pilbara Minerals’ result came on the back of a near doubling in price for its spodumene concentrate, and a 68 per cent increase in sales volumes to 607,500 tonnes. More than 70 parties are keen to join it in downstream processing that stands to access more than the 300,000 tonnes a year of spodumene from Pilgangoora initially considered up for grabs.short-term volatility in lithium pricing
Pilbara Minerals reported full-year revenue of $4.1 billion, up from $1.2 billion. Earnings before interest, tax, depreciation and amortisation jumped 307 per cent to $3.38 billion, while net profit was up 326 per cent.
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