Welcome!
Fortress Minerals
Company in the news
Fortress Minerals to raise $9 mil via proposed placement of up to 23.3 mil shares
The shares will be issued at 38.6 cents apiece, representing a discount of 9.9% to the VWAP for trades done on March 16.
March 21, 2023
Company in the news
Fortress Minerals to commence prospecting activities at two Sabah concession areas
At the same time, Fortress Minerals says it is ramping up its production at an existing production mine
March 06, 2023
Results
Fortress Minerals reports 3.6% higher 3QFY2023 earnings of US$2.9 mil
For the 9MFY2023, earnings fell by 9.9% y-o-y to US$12.0 million.
January 12, 2023
Leadership
Fortress Minerals appoints Henry Chow as new CFO
Chow had held the position of at least financial controller in six companies since 2012.
October 13, 2022
Results
Fortress Minerals' 1HFY2023 earnings declines 13.6% due to cuts in global steel production
Fortress Minerals says earnings decline in 1HFY2023 caused by lower global steel demand
October 05, 2022
Company in the news
Fortress Minerals ramps up production as slump in iron ore prices continues
The Malaysia-based company has announced the commencement of production at its recently acquired Cermat Aman mine.
July 07, 2022
Results
Fortress Minerals reports 41.8% lower earnings of US$4.2 mil for 1QFY2023
Revenue for 1QFY2023 at US$14.6 million was 15.5% lower y-o-y.
July 06, 2022
Broker's Calls
PhillipCapital upgrades Fortress Minerals to 'buy' on positive outlook
In addition to her recommendation upgrade, PhillipCapital has also increased its target price estimate to 66 cents from 50 cents.
May 05, 2022
Results
Fortress Minerals reports slightly weaker FY22 results, full-year DPS of 0.8 cents
Fortress Minerals, despite weaker results, are optimistic on its prospects as iron ore prices remain elevated.
April 27, 2022
Broker's Calls
KGI keeps 'buy' on Fortress Minerals on the back of rising iron ore prices
KGI expects Fortress Minerals' net profit decline to reverse in the next quarter due to rising iron ore prices.
March 07, 2022