Iluka Resources Shares Slide 4% as Q3 Production Declines

MT Newswires Live10-22

Iluka Resources (ASX:ILU) shares were down 4% in recent trade after reporting a decline in third-quarter production.

Zircon, rutile, and synthetic rutile production fell to 138,300 tonnes in Q3, down from 167,100 tonnes the previous year, according to a Tuesday filing with the Australian bourse. Ilmenite production likewise declined to 107,900 tonnes from 123,100 tonnes.

Sales of zircon, rutile, and synthetic rutile went up year over year to 96,600 tonnes from 81,500 tonnes. Ilmenite sales slumped to 19,200 tonnes from 40,800 tonnes.

Mineral sands revenue, comprising zircon, rutile, and synthetic rutile plus ilmenite, rose to AU$232 million from AU$222 million year on year.

Price (AUD): $5.97, Change: $-0.23, Percent Change: -3.71%

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