G'day This from the world gold council report friday. cheers Rod http://www.kitco.com/reports/wgc/Oct18_2002.pdf
Sons of Gwalia indicated on Friday that it would not meet expected profit levels, as geotechnical problems at its Tamoola gold mine, which negatively impacted ‘gold production, profitability and cashflow’ according to Executive Chairman Peter Lalor. Profits for 2002/2003 had been forecast around A$77 million ($42 million). Slower demand for tantalum is also a reason for the decline in profits. Shares were around 24% lower at A$3.40 as a result of the announcement.
SGW Price at posting:
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