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The company has left full year production forecasts unchanged, while net debt declined a further US$4.8 million to $60.8 million.
Base said the relatively minor debt reduction was a function of a peak spending period on the optimisation project, as well as funds expended on the Toliara acquisition and sales receipt timing.
The company also said the pricing for all its products continued to strengthen.
Meanwhile Base is continuing discussions with the Kenyan authorities over VAT funds owed of $20.8 million, with no refunds received last quarter after $4.4 million headed the miner's way in the December quarter.
Shares in Base were unchanged at 25.5c in afternoon trade, capitalising the company at $287.5 million.
