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Julian Treger, chief executive of Anglo Pacific Group PLC (LON:APF, TSX:APY)

The firm announced yesterday that royalty income increased 149% to £8.7mln, driven by a strong increase in production at Narrabri and mining at the Kestrel operation, but he says this could have been even higher if commodity prices had not dropped last year.
Treger notes that the mining sector is in a “once in a generation situation”, with “all companies under pressure from the smallest to the largest”.
As a result, “previously, the major mining companies who wouldn’t want to engage with us and who have some of the best assets around are now keen to explore with us how we can help them manage their way through this crisis.”

Julian Treger, chief executive of Anglo Pacific Group PLC (LON:APF, TSX:APY), tells Proactive shareholders will “hopefully see the benefits of the commodity recovery in due course.”

 

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.