Pilbara Minerals' Production Down 34% in March Quarter; Revenue Falls 30%

MT Newswires Live
04-17

Pilbara Minerals' (ASX:PLS) production volume reached 125,000 tonnes for the three months ended March, down 34% from 188,200 tonnes in the prior quarter, according to a Thursday filing with the Australian bourse.

The decline reflected the impact of the Ngungaju plant being in care and maintenance, tie-ins and ramp up of the P1000 project, and Severe Tropical Cyclone Zelia, the filing stated.

Sales reached 125,500 tonnes, down 39% from 204,100 in the December 2024 quarter.

Revenue plunged 30% quarter on quarter to AU$150 million.

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