A 26% increase in net profit after tax to a record $20.1 million (FY2006: $16.0 million)
An increased cash dividend of 7.5 cents per share (FY2006: 7.0 cents per share
A once-off special 1:25 bonus share issue
A 94% increase in total cash and liquid assets of $96.8 million (FY2006: $50 million)
Annual gold production of 105,723oz at $330/oz cash cost
More exploration results from the Andorinhas Project in Brazil. RC drilling confirms and extends the Melechete Lode towards the southeast with an intersection of 1m @ 68.6g/t. RAB drilling results to the southwest of the Lagoa Seca open pit, including 8m @ 3.3g/t and 8m @ 3.2g/t, indicating potential for further mineable open pit resources"
This is a golden gem. Trading on a PE under 8. Unhedged, great exploration and production potential. Fully franked dividends. Now even a bonus issue!
TRY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
