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Tombador Iron: Brazilian mine delivers gross profit

Tombador's rate of profit...

Tombador Iron: Brazilian mine delivers gross profit

New producer Tombador Iron posted a gross profit of A4M$ in the six-month December (H1FY22) by increasing production and sales of high-quality parts and iron products from its 100% owned direct shipment ore project in the Brazilian state of Bahia.

The six-month total comprehensive loss of $0.55 million includes currency differences in the translation of foreign operations of $0.23 million ($0.36 million) compared to a restated first-half loss of $5.76 million.

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