Metals Exploration swings to profit on higher gold output
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Philippines gold producer Metals Exploration swung to a first-half profit after it boosted output.
Pre-tax profit for the six months through June amounted to $6.0 million, compared to a year-on-year loss of $1.3 million.
Revenue rose 18% to $62.4 million on the back of an 11% increase in gold production to 35,316 ounces .
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
