hi guys..
anyone have some recent imformation they can share.
noted share has fallen from a high of approx 76cents to a low of 43cents..
just having had a look at it's website found this..
"Croesus Mining is the third largest Australian controlled gold producer with production of 266,000 ounces per annum.
Gold production comes from three 100% owned mining and processing operations within 200km of Kalgoorlie in Western Australia.
Central Norseman Gold Operations
Davyhurst Gold Operation
Hannan South Operations
QUARTERLY RESULT HIGHLIGHTS - MARCH 2004
Gold Production of 56,325 ounces at $384 per ounce.
Two new Directors appointed - Bob Crew & Ray Cary.
One Millionth Ounce poured in February 2004.
Strike driving continues to extend high grade mineralisation at the HV1 East target at Norsemans Harlequin mine.
Callion prospect at Davyhurst reported 12m @ 10.5g/t, 2m @ 5.2g/t, and 3m @ 19.2g/t
Cash reserves increased to $21.5 million."
perhaps post 30/6/04 & any increase in the gold price, might see it heading north.
few comments i've noted have commented on the low reserve base..
any help would be appreciated..
regards
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