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Capital reinvestments of $27 million and impairments and other losses of nearly $34 million were the big contributors to the bottom line result, with the latter comprising care and maintenance costs of $10 million, asset impairments of $15.4 million at Nifty and a rehabilitation provision adjustment of $8.3 million at Renison.
The Nifty copper mine was closed in late November.
The Renison tin operation in Tasmania generated positive earnings of $10.5 million (EBITDA), while Nifty lost $19 million on the same basis.
On a cash basis, Metals X ended the period in a better position than 12 months earlier with cash and cash equivalents up nearly $30 million to $40.5 million.
However that result was a function of cash flows from financing activities totaling $61.4 million.
Shares in Metals X closed Thursday at 9.9c, capitalising the company at $90 million.
The stock was at 35c 12 months ago.
