SGW sons of gwalia limited

G'dayThis from the world gold council report...

  1. 5,382 Posts.
    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.
 
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