PERTH (miningweekly.com) – ASX-listed Mineral Resources on Wednesday has increased its earnings before interest, tax, depreciation and amortization (Ebitda) of between A$360-million and A$390-million, for the 2019 financial year.
This was up from the previous guidance of between A$280-million and A$320-million estimated in November of last year, and compared with the Ebitda of A$507-million reported in the 2018 financial year.
The Ebitda estimates was based on various assumptions, including the pricing for spodumene concentrate from the Mt Marion lithium project, in Western Australia, which has been estimated at $682.38/t, an iron-ore price of $83.89/t, and a US/Australia dollar exchange rate of 0.723c.
The company’s share price fell by more than 1% on the news, from a high of A$16.10 a share to A$15.32 a share.