EQ Resources (ASX:EQR) reports ‘record’ monthly revenue of $51 million in July on higher tungsten production across its Australian and Spanish operations.
Consolidated production totalled 14,255 metric tonne units (mtu) for the month — up 36% from June and the highest monthly output since November 2024.
Consolidated sales volumes reached 14,756 mtu at a ‘record’ average realised price of US$2,386 ($3,385) per mtu.
The Barruecopardo operation in Spain delivered 9,667 mtu of production, up 48% from June and the highest monthly output since December 2025. Sales volumes totalled 11,074 mtu, generating ‘record’ revenue of $39 million at an average realised price of US$2,449 per mtu.
Meanwhile, the Mt Carbine in Queensland contributed a ‘record’ $12 million in revenue, driven by sales of 3,682 mtu at an average realised price of US$2,195 per mtu. The operation produced 4,588 mtu for the month, a 16% increase from the previous month.
The performance comes as global tungsten prices remain elevated due to supply constraints and increasing demand from the aerospace and defence sectors. Tungsten is classified as a critical mineral by the Australian Government.
EQ Resources is a global tungsten producer with mining activities in Australia and Spain.
Write to Paula Fabe at Mining.com.au
Images: EQ Resources
