GREY:HRIVF - Post by User
Post by
discernon Mar 31, 2010 8:02pm
360 Views
Post# 16946763
here are the highlites
here are the highlites
Unaudited)
Net gold revenue of $363.3 million, an increase of 100% from 2008
Cash flow from operations of $126.7 million, up from $25.6 million last year
Cash and cash equivalents increased to $82.1 million from $19.1 million last year
Working capital increased to $96.2 million from a deficit of $42.1 million last year
Current and long term debt levels decreased to $84.0 million from $188.1 million last year, due mainly to principal repayments and foreign exchange movements
Operations
Total gold production increased 52% to 336,366 (2008 – 220,324) ounces (100%). Total cash cost per ounce decreased 21% to US$505 (2008 – US$638 per ounce)
The Zun-Holba and Irokinda Gold Mines (including placer operations) produced 149,382 ounces (2008 – 145,763) (100%) at a total cash cost of US$494 per ounce
The Taparko-Bouroum Gold Mine produced 99,536 (2008 – 30,667) ounces (100%) at a total cash cost of US$469 per ounce
Gold production at Berezitovy was 87,488 ounces (2008 – 15,692 ounces) (100%), and total cash costs were US$564 (2008 – US$775 per ounce)
At the Bissa Gold Project, a significant amount of work was completed during the year, including an infill drilling and trenching programme, resource estimation, metallurgical sampling etc.