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EQ Resources posts $55M revenue on production surge
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EQ Resources posts $55M revenue on production surge

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  • EQ Resources achieved a second consecutive record monthly revenue of $55.1 million in August as total production jumped 34% from July.
  • The strong operational output directly expanded sales volumes to 17,246 mtu across its key mining locations.
  • Management continues to ramp up operations across both Australian and Spanish sites to capture higher global tungsten demand.

EQ Resources (ASX:EQR) generated a second consecutive month of record revenue totalling $55.1 million in August, driven by a 34% monthly increase in consolidated tungsten production to 19,068 mtu.

The monthly output figures represent the company's second-highest production level on record, approaching the previous peak of 20,838 mtu set in September 2024.

Monthly production at the Barruecopardo site in Spain rose 32% from July 2026 to reach a record 12,719 mtu, generating A$35.2 million in sales revenue.

At the Mt Carbine facility in Australia, monthly production grew 38% to 6,349 mtu, driving record site sales revenue of $19.9 million at an average realised price of US$2,113 per mtu.

Following the announcement, the EQ Resources share price was up at $0.42.

The company operates open-pit tungsten mining and processing activities across sites located in Far North Queensland and western Spain.

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