The highlights for the Quarter include:
Gold production up 110% on previous Quarter to 5,563 ounces
Highest quarterly and half yearly production
Average per ounce revenue was A$1,225
Average cash cost A$481 per ounce
Planning underway to reactivate mining on City reefs
A new management team was in place at Charters Towers from October, with a clear
objective to drive gold production growth. As a result, production for the Quarter was
5,563 ounces. This was above the indicated production level in the December update
and a 110% increase on the previous Quarter. With two strong quarters growth this is
the best half year.
The profitability and efficiency of the operations has trended upward since
commencement of production, with revenue rising to almost $7 million per quarter in
December 2009
My comment-Folks I know that there has been alot of negativity and anger surrounding this company for years. I have been one of those people that have been angry at the past management.
Keep in mind that this is new management now and it is amazing what new management can do.
We can't dent that 7 million in the last quarter is impressive.
What do you guys think will happen to the share price if they can duplicate this monthly????
The highlights for the Quarter include: Gold production up 110%...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24047419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1749999 | 2 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| CTO (ASX) Chart |
Day chart unavailable