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 on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com

Silver supply shortage continues

December 01, 2025 / www.canadianminingreport.com

Several new entrants to TSXV large gold, including producer Asante

November 24, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline, equity market slide

November 24, 2025 / www.canadianminingreport.com

Largest gold producers see strong Q3/25 earnings

November 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok