EQ Resources Reports Second Consecutive Month of Record Revenue in August

MT Newswires Live

Sep 02

EQ Resources (ASX:EQR) generated revenue of AU$55.1 million in August, representing a second straight month of record revenue, on a consolidated tungsten sales volume of 17,246 metric ton units, according to a Wednesday filing with the Australian bourse.

Consolidated tungsten production totaled 19,068 metric ton units in August, up 34% from July and marking the second highest monthly production on record following the September 2024 tally of 20,838 metric ton units, per the filing.

The company reported an average realized price of $2,269 per metric ton unit in August.

Its shares fell 2% in recent Wednesday trade.

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