Metals Exploration PLC (LSE:MTL) has resumed gold processing at its Runruno operation after a five-day shutdown triggered by a power outage caused by Super-typhoon Uwan. Grid power was restored earlier than expected, enabling the company to restart activities sooner and helping limit the potential impact on its production schedule and annual output targets.
Metals Exploration’s outlook continues to be supported primarily by its strong financial performance, including solid revenue growth and healthy cash generation. Even so, technical indicators present a mixed picture, and valuation concerns persist given the negative P/E ratio and absence of a dividend, leading to a balanced but cautious assessment.
More about Metals Exploration
Metals Exploration PLC is involved in the production, development, and exploration of gold, with key projects located in the Philippines and Nicaragua.
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