Better Syrah news from Balama

By Staff reporter / December 03, 2018 / www.mining-journal.com / Article Link

The company said "significant improvement in graphite recoveries and consistently high product quality" has been achieved post resumption of production early in November following a fire in October.

As such it was "on track" to achieve full-year 2018 production target of 101,000-106,000t of graphite concentrate.

At full speed the operation should be producing about 350,000t per annum based on feasibility work.

The fire in October was the latest in a series of setbacks reported by Syrah, which started the year forecasting output of 160,000-180,000t of graphite concentrate.

Regular subsequent downgrades impacted the company's share price (ASX: SYR) accordingly with the stock losing more than 70% at one stage this year.

However, the better news reported today saw the stock up 11% to A$1.81 in late trade, capitalising Syrah at $622 million.

 

Recent News

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com

Gold stocks down even as metal price rises

August 04, 2025 / www.canadianminingreport.com

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok