Operations
Yielded in excess of 250,000 ounces of gold at a cash cost of A$634/ounce. Mt Wright underground deposit at Ravenswood decline development well advanced and ore production commenced.
Financial
Achieved an Operating Profit after tax of A$170.2m. Repaid finance facilities totalling A$26.6m leaving a balance of A$7.7m.
Corporate
Continued restructure and amortisation of hedge book . Sale of Uranium and other investments yields close to A$200m.
Development
Re-development of the Syama project in Mali underway. Pit re-optimisation and mine life extension at Golden Pride project in Tanzania.
Exploration
Completed secondary earning phase of the Finkolo joint venture in Mali bringing interest to 60%. Exploration activity expanded in Tanzania through a series of new joint ventures and license applications that provide access to almost the entire Nzega Greenstone Belt surrounding the Golden Pride Mine. Drilling at Quartz Vein Hill near Syama encouraging.
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