Ann: Half Yearly Report and Accounts , page-4

only a quick look at the numbers.

amazing, the gold price received was about $400 higher than previouslly, yet the company still runs at a loss.

cash costs at southern cross jumped through the roof

a message for all investors - but notice how the mines operate at a gross profit , which was $34m . for those who do not know what gross profit is - well, it is the difference between direct revenue and direct expenses for the product - but notice how after allowing for all the other costs (eg administratio of $14m, depreciation, exploration etc etc), then there is a good loss


good that they managed to raise a lot of cash