EQ Resources generates $51M monthly revenue
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- EQ Resources achieved $51 million in consolidated monthly revenue for July after tungsten output rose 36%.
- Following the announcement, EQ Resources shares traded higher at $0.28.
- Strong operational output from key mining sites in Spain and Australia drove higher sales volumes and realised tungsten pricing.
EQ Resources (ASX:EQR) generated revenue of $51 million in July after output rose 36%.
Consolidated total production reached 14,255 mtu, marking the company's highest monthly output level since November 2024.
Consolidated sales volumes totalled 14,756 mtu with an average realised price of US$2,386 per mtu.
The Barruecopardo site in Spain generated $12 million in revenue.
Following the announcement, the EQ Resources share price was up at $0.28.
The business operates tungsten mining and processing facilities located in both Australia and Spain.
Mining investor Dr Andrew Forrest recently acquired a 16.8% stake in the company.
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