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Strategic Minerals PLC - the minerals production and development company - Reports "excellent" organic sales growth in the quarter to the end of June despite Covid-19 impact on markets. Sales were up 89% to USD881,000 year-on-year. At June 30, the company's non-restricted cash balance was USD533,000 versus USD351,000 as at March 31. "The encouraging performance at Cobre during the June quarter, particularly given the more challenging global overlay, has underwritten both operations and minimised funding required to repay the loan associated with taking full ownership of Redmoor," said Managing Director John Peters.
Current stock price: 0.42 pence
Year-to-date change: down 37%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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