Millennium Enjoys New Strength

(not verified)
MOY

Millennium Minerals advise today that it is well on track to reach production guidance and generated $7.1 million in free cash flow (before financing activities) in the March quarter.
Millennium Chief Executive Glenn Dovaston said the results showed the Company had sustained its operational turnaround of last year. “These results highlight the strength of the position Millennium now enjoys,” Mr Dovaston said. “They also demonstrate the cash reserves we stand to accumulate on the back of this strong production and the fact that we no longer have to make debt repayments." “At the same time, we are recording outstanding results with our exploration program, leaving us increasingly confident that we will achieve our objective of growing the Mineral Resource inventory and mine life at the Project”.
Shares were trading at $0.155 up 14.8% today.