Greentech Technology International's (HKG:0195) Rension Project of Bluestone Mines Tasmania Joint Venture saw a 14.8% increase in tin production to 3,329 tons in the fourth quarter of 2024, from 2,899 tons in the third quarter, a Thursday Hong Kong bourse filing said.
The project mined 218,567 tons of ore and processed 180,721 tons during the three months ended Dec. 31, 2024.
The grade of ore mined increased by 0.19 percentage points to around 2.10%, while the average quarterly recoveries increased by 2.2 percentage points to 81.16% from 78.96% in the previous quarter.
Greentech has a 50% equity interest in the Renison project through unit YT Parksong Australia Holding.
Shares of the mining business company plummeted nearly 36% on Thursday's close.
Price (HKD): $0.28, Change: $-0.16, Percent Change: -35.63%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.