Roy Hill moved 51 million tonnes of iron ore on its Pilbara railway during FY18, up 54 per cent year-on-year.
The miner outlined its FY18 figures last week, highlighting a net profit after tax increase of 69 per cent year-on-year to $558 million, as the Roy Hill operation completed its ramp up to full operations during the period.
The 2018 financial year was Roy Hill’s second year of commercial production.
Operating sales revenues climbed 68 per cent to $3.84 billion, off the back of the 54 per cent increase in production to 51 million tonnes, up from 33 million tonnes in FY17.
The mine and rail operation has a targeted production rate of 55 million tonnes per annum.
Cash flow improved 38 per cent in FY18 to $1.79 billion.
The company said it was continuing to pay down its long-term borrowings, with gross borrowings reduced by $773 million during the period.
It also noted it had paid $243 million in royalties to Western Australia during the period.
“Roy Hill continues to move down the industry cost curve given its increased production through ramp up and the continuing optimisation of its operations,” the company said.