RE: 20 Mining Companies to follow for 2025 – Part 2 (F-Z) suggest @TMSreach31 Dec 2024 08:37
@BurtonD, copy&pasted only a part as this chat page won't allow whole article....
SP down yesterday by -9%, however up at today's open, love these to drop to 50p just for a day, so i can load up on my last block lol!
HAPPY NEW YEAR to all here!
Ferrexpo:
Shares in Ukraine-based iron ore company Ferrexpo (LON:FXPO) has more than doubled in recent weeks amid speculation that the incoming Trump administration will be able to broker a deal to end the conflict with Russia. The company has also impressed markets through its resilience in maintaining production in the face of Russia’s ongoing attacks on Ukraine’s power network, and a downturn in global iron ore prices.
FXPO reported robust production results for the third quarter to the end of September 2024. Total production for the quarter was 1,397,698 tonnes, comprising 1,269,727 tonnes of pellets and 127,971 tonnes of 67pc iron concentrate. Total production for the nine months to the end of September 2024 was 5,125,034 tonnes, a 47pc increase compared to the comparable period last year.
To mitigate the pressure on margins, the company focused on sales of higher quality iron ore products to customers in close geographical proximity. This included expanding its customer base in the MENA region. The company has been encouraged by increasing iron ore prices on the back of an improvement in sentiment, spurred on by announcements of economic stimulus measures in China.
FXPO currently trades at £1.13p, up 30pc this year, with a market cap of £650m.