Financial Results
Gross Profit for the 12 months to 30 June 2010 of A$15.1 million and Net Profit after Tax of A$2.8 million achieved, equating to earnings per share of A$2.7 cents. The net profit took into account non-cash charges of A$4.9 million, with a normalised profit for the year before accounting adjustments of A$7.7 million.
Earnings before interest, Tax, Depreciation and Amortisation (EBITDA) of A$29.1.
Revenue from gold sales of A$96.8 million from the sale of 81,530 ounces.
Group cash and bullion at year-end of A$19.5 million with a final unfranked dividend of 4 cents per share, lifting total dividend payout for the year to 6 cents per share.
| |
June 2010 |
June 2009 |
% Variance |
| Revenue from Gold Sales (A$) |
$96.8m |
$109.9 |
- 12% |
| Gold Price Received/Ounce (A$) |
$1,293 |
$1,128 |
+ 15% |
| EBITDA (A$) |
$29.1m |
$55.6m |
- 48% |
| EBIT (A$) |
- |
$42.4m |
- |
| NPAT (A$) |
$2.8m |
$31.1m |
- 91% |
| EPS (diluted) |
2.7cents |
30.33cents |
- 91% |
| Divident (cents/share) |
6cents |
14cents |
- 57% |
March 2010 Quarter
Revenue for the quarter of A$23.80 million was generated from the sale of 19,712 ounces of gold at an average price received of A$1,207/ounce generating a gross cash margin of A$9.81 million and a net operating cash surplus after development and all capital expenditure of A$0.94 million.
For the nine months revenue was A$66.85 million from the sale of 58,356 ounces of gold at an average delivered price of A$1,146/ounce generating a gross cash margin of A$28.29 million and a net operating cash deficit after development and all capital expenditure of A$5.95 million.
Interim cash dividend of A$1.99 million (2 cents per share) paid on 31 March. In addition to the payment of the cash dividend, 77,708 new shares were issued under the Company’s Dividend Reinvestment Plan.
Cash and bullion of A$15.79 million at the end of March, comprising cash of A$12.65 million and bullion of A$3.14 million and was after the payment of the interim cash dividend.
June 2010 Quarter
Revenue for the June 2010 quarer of A$29.97 million was generated from the sale of 23,175 ounces of gold at an average price received of $1,293/ozs generating a gros cash margin of A$12.89 million and a net operating cash surplus after development and all capitsal expenditure of A$5.57 million.
For the 12 months revenue was A$96.82 million from the sale of 81,530 ounces of gold at an average delivered price of A$1,187/ounce generating a gross cash margin of A$40.48 million and a net operating cash deficit after development and all capital expenditure of A$1.07 million.
Cash and bullion of A$19.47 million at the end of June, comprising cash of A$15.87 million and bullion of A$3.60 million.
September 2010 Quarter
Revenue for the quarter of A$33.34 million was generated from the sale of 24,941 ounces of gold at an average price received of A$1,337/ounce generating a gross cash margin of A$15.02 million and a net operating cash surplus after development and all capital expenditure of A$7.70 million.
Final cash dividend of A$3.60 million (4 cents per share) for the 2009/10 financial year paid on 30 September. In addition to the payment of the cash dividend, 193,200 new shares were issued under the Company?s Dividend Reinvestment Plan.
After distribution of the dividend, cash and bullion was A$19.60 million at the end of September, comprising cash of A$17.20 million and bullion of A$2.40 million.
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