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Stanmore earnings increase 50-fold

STANMORE Resources has increased annual revenues by almost 10 times, its earnings by almost 50 times, and its margins from 12% to 54% with strong performances from its SMC and Isaac Plains operations in Queensland.

Lou Caruana
Stanmore said the high earnings result was helped by record dragline performance at South Walker Creek.

Stanmore said the high earnings result was helped by record dragline performance at South Walker Creek.

Earnings before interest, tax, depreciation and amortisation soared from US$34 million in 2021 to $1.4 billion in the 12 months to December 2022 while revenue for the period rose from $284 million in 2021...

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