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PRECIOUS METALS

Metals X sees benefit of dropping gold

METALS X is enjoying the benefits of its move from gold miner to diversified base metals miner after a robust 2017 half-year performance brought it a $A145.2 million net profit after tax, up a massive 18,050% on the previous corresponding period.

Karma Barndon
Wingellina Nickel-Cobalt Project.

Wingellina Nickel-Cobalt Project.

The profit was boosted by Metals X’s shedding of its gold division last year to focus on diversification, which ended up netting them a gain on demerger of $237.8 million, although this was offset by an...

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