【Ferro-alloys.com】：ASX-listed tungsten producer EQ Resources has posted meaningful quarterly production increases at both its Barruecopardo and Mt Carbine operations, in Spain and Australia, respectively.

In the three months ended September 30, tungsten production increased by 31% quarter-on-quarter at Mt Carbine for a total 17 145 metric tonne units (mtu) while Barruecopardo had record production of 34 088 mtu - representing an increase of 123% quarter-on-quarter.

The company's consolidated production of 51 233 mtu increased by 81% quarter-on-quarter, marking the second-highest quarterly production performance on record.

Consolidated sales volumes were 49 715 mtu, generating record revenue of A$158-million in the reporting quarter and representing an increase of 101% quarter-on-quarter.

The company realised an average price of $2 248/mtu, which was 20% higher quarter-on-quarter.

EQ Resources had A$82.3-million of cash on hand at the end of the September quarter, which marks the first quarter of its 2027 financial year. Quarter-on-quarter, the group's cash on hand improved by 192%.

The company continues to progress an expansion project at Mr Carbine to increase processing capacity from one-million tonnes a year to two-million tonnes a year.

• [Editor:Alakay]