The share price of metals miner Metals X tumbled by nearly 13% on Friday after the company announced that its Nifty copper project, Western Australia, was still producing below expectations, despite a suite initiatives to increase production.
Metals X in May this year unveiled a reset plan for the Nifty mine, targeting a two-million tonne a year operation, and a production rate of 28 000 t/y from the Phase 1 plan.