Southern Alliance Mining Publishes 2026 Annual Report
Bitget2026/11/06 14:58- Southern Alliance Mining's FY2026 annual report showed rare earths drove revenue growth and narrowed losses, offsetting weaker iron ore performance.
- The acquired 40% stake in MCRE contributed for the first time, with rare earths generating more than half of group revenue.
- Chaah Mine's underground development entered its final phase, while reduced processing and concentrate stockpile drawdowns weighed on iron ore results.
- The board recommended no dividend, retaining cash for business expansion.
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