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Syrah cuts graphite guidance

Syrah Resources (ASX:SYR) has dropped 2018 guidance again for the Balama graphite project in Mozambique, although a major uptick is needed in the second half to even meet the new low-end number.

Syrah cuts graphite guidance Syrah cuts graphite guidance Syrah cuts graphite guidance Syrah cuts graphite guidance Syrah cuts graphite guidance

The Balama operation is going through what currently seem typical teething issues for a new project

Syrah is now targeting 135,000-145,000 tonnes for the year, down from the original target of 160,000-180,000t target and an earlier downward revision to 160,000t.

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