Centrex (ASX:CXM) has declared it stays on course to manufacture over 50,000 tonnes of phosphate concentrate from its Ardmore mine in Queensland in the first half of fiscal 2024.

The company is anticipating an additional 50,000 tonnes of concentrate production for the March quarter.

Centrex is setting sights on reaching up to 440,000 tonnes of production for the 2024 calendar year from its mining operations.

The company’s stocks have plummeted by 43.1% this year, until the last close.

Centrex is an Australian company engaged in the business of mining and producing phosphate concentrate.