GREY:HRIVF - Post by User
Post by
discern1on May 15, 2012 6:40pm
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Post# 19912898
Q1 report out
Q1 report out See marketwire.
Profit
.07/share is the highest quarter yet.
First Quarter Financial Highlights
- Average realized gold price of US$1,663 per ounce, up 20% (Q1 2011: US$1,385)
- Revenue of $138.9 million, up 13% (Q1 2011: $122.4 million)
- Net income up 54% to $57.6 million (Q1 2011: $37.3 million)
- Cash flow from operating activity of $71.5 million (Q1 2011: $53.5 million)
- Cash and cash equivalents of $95.6 million (Q1 2011: $204.1 million)
Corporate Developments
- Bissa project construction in Burkina Faso progressing rapidly with engineering work mostly complete; on track to deliver first gold in H1 2013.