AGD austral gold limited

Ann: Half Year Financial Report, page-9

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    No strike was in first half. Output used of 30000 oz eq for the second half is based on the company estimate for calendar year at lower end of range 55000-60000 oz gold eq, less production in the first half (strike hit) of 26300 oz eq.

    Rawhide had a loss of $US 836000 (our share) on production of 11885 oz eq due to equipment failure in first half, but it is expected to raise output to 30000-35000 oz eq for the year as a whole. Given higher prices it will hopefully earn a profit, so break even is probably being conservative (I hope).
 
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