I think it is better than expected. They even made money
Highlights
Gold production 24,567 ounces (WPG’s share 22,676 ounces)
Revenue $37.7 million
EBITDA1 $0.6 million
Loss after tax from continuing operations of $4.1 million after non cash depreciation and amortisation charge of $4.7 million
WPG is debt-free with cash at bank at 31 December 2016 of $9.7 million.
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50k oz per year producer, and only 30m EV! (MC 40m - cash 10m at bank)
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- Ann: WPG Half Year Report Dec 2016
Ann: WPG Half Year Report Dec 2016, page-2
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