Here is a couple of paragraphs from that address.
"The Company in the last financial year produced 101,474 ounces of gold at cash costs of just under US$190 per ounce generating a net profit after tax of US$110 million. The Company had initially issued a production guidance of between 100,000 to 110,000 ounces for the current financial year but with mine development taking precedence to prepare the mine for higher production output in 2013 and onwards and the unfortunate fatality at the mine in late October 2011, the production guidance for the current financial year has now been revised to between 90,000 to 100,000 ounces.
We believe the Philippines continues to be an excellent jurisdiction in which to continue to do business, ably assisted by its fantastic unexplored prospectivity, a skilled and plentiful workforce, welcoming host communities and government departmental assistance."
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