Material ramp-up in production in H2

Deutsche Rohstoff (DRAG) generated group sales of €32.1m and EBITDA of €23.5m in H117, significantly de-risking consensus full year forecasts, which imply 600% revenue growth in 2017. Sales are to be further enhanced in the coming months with a planned 50-well drilling programme across Cub Creek, Elster and Salt Creek. DRAG’s metals and mining investments saw a strong recovery during the first half of 2017, underpinned by a strong rise in the price of zinc, copper and a number of rare earth commodities.