By: Staff writer
Tin and lithium company Andrada Mining has reported revenue of N$316 million (£17.9 million) in the 2023/2024 financial year.
This is an 83% year-on-year increase from the N$173 million (£9.8 million) recorded in the previous financial year.
The company attributed the spike in revenue mostly to a 51% increase in tin concentrate tonnage of 1,474, from 960 tonnes in the 2023 financial year.
This is combined with a marginal 2% increase in the effective average tin price to US$25.6k (FY 2023: US$25.1k).
Andrada exported 56 shipments (FY 2023: 33) of tin concentrate to its off-take partner, Thaisarco.
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