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Metals X chief executive Peter Cook (left) with executive director Warren Hallam. Photo: Attila Csaszar

Metals X confirms $115m raising, gold spin-out

Diversified miner Metals X has confirmed a $115.6 million capital raising and plans to demerge its gold assets into a new company, which will be led by existing chief executive Peter Cook.

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Metals X (MLX)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
220thTribune Resources19%20%
352ndCI Resources-1%21%
384thFinders Resources-6%3%
468thWestern Areas-19%-3%
701stMetals X-54%-4%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

14/11/18
$0 Other
14/11/18
$240k Bought
14/11/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

21st↓Western Areas$250.3m
22nd↑Finders Resources$224.1m
23rd↓Metals X$210.4m
24th↑Tribune Resources$180.5m
25th↓CI Resources$175.5m
512 listed resources companies ranked by revenue.
Source: Morningstar

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