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Mining Capital

Strategic excited to see Cobre asset powering on

Strategic Minerals (LON:SML) achieves record sales from it's Cobre asset in New Mexico which means it's on track for annual pre-tax profits surpassing US$1M. MD John Peters gives Proactive detail on those new results as well as fleshing out the sales and cash position.
Strategic sold just shy of 31,000 tons of magnetite ore in the three months to the end of December, for US$2.14M. Those figures are marginally up on the previous record of US$2.04M. John says profit margins are up at about 60%.

 

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