Bushveld Minerals Ltd (LSE:BMN)

£ 0.00816 0.00116 (16.57%) Market Cap: 16.18 Mil Enterprise Value: 86.75 Mil PE Ratio: 0 PB Ratio: 0.31 GF Score: 0/100

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Q1 2023 Bushveld Minerals Ltd Operational update Call Transcript

Apr 27, 2023 / 12:00PM GMT

Release Date Price: £0.0405 (-1.22%)

Transcript

Operator

Good day, and welcome to the Bushveld Minerals First Quarter 2023 Operational Update Conference Call. This meeting is being recorded. At this time, I'd like to hand the call over to Fortune Mojapelo, CEO. Please go ahead, sir.

Fortune Tsepo Mojapelo

Bushveld Minerals Limited - Co-Founder, CEO & Director

Thank you very much. It's a good afternoon to everybody. Thank you very much for joining us, and welcome to our quarterly operational update call. With me today presenting is our Group CFO, Tanya Chikanza, as well as our group Investor Relations Head, Ms. Chika Edeh. To start with the numbers for the group before we dive into the individual assets. Production for the quarter was at 943 metric tons of vanadium, down from Q1 of 2022, given the planned downtime at both Vametco and Vanchem with a group weighted average production cash cost of $25.90 per kgV. It is was supported in part by weakened South African rand to the U.S. dollar foreign exchange rate. Sales for the quarter were up 20% on those of last year at 1,028 mtV as we continue to draw down from

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