SYR 2.22% 22.0¢ syrah resources limited

Oct 4 (Reuters) - Syrah Resources Ltd (SYR) : UPDATES REGARDING...

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    Oct 4 (Reuters) - Syrah Resources Ltd (SYR) :

    • UPDATES REGARDING BALAMA GRAPHITE OPERATION FOLLOWING A FIRE THAT OCCURRED IN PRIMARY CLASSIFIER SECTION OF PROCESS PLANT
    • RETURN TO PRODUCTION IS EXPECTED TO TAKE ABOUT FIVE WEEKS, INCLUDING DELIVERY, INSTALLATION AND COMMISSIONING
    • SYRAH ESTIMATES A PRODUCTION LOSS OF 30KT IN Q4, INCLUDING ALLOWANCE FOR RAMP UP AS PLANT COMES BACK ONLINE
    • Q4 REVISED PRODUCTION FORECAST IS APPROXIMATELY 30-35KT
    • REVISED FULL YEAR PRODUCTION GUIDANCE OF 101KT-106KT
    • C1 CASH COST RANGE FOR DECEMBER 2018 IS NOT EXPECTED TO VARY MATERIALLY FROM PREVIOUS GUIDANCE
 
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