DOM dominion mining limited

Reserves (as at June 30) of 727,040 ounces (3.1 mt at 7.4 g/t)•...

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    Reserves (as at June 30) of 727,040 ounces (3.1 mt at 7.4 g/t)
    • Resources (as at June 30) of 1.16 million ounces (4.0 mt at 9.1 g/t)

    • Average price received of A$872/ounce
    • Forward sale position of 27,000 ounces at A$913/ounce as at June 30
    • Additional 33,000 ounces hedged in September at A$1108/ounce
    • All hedging is unsecured and provides flexibility to roll forward to capture spot prices

    2008/2009 financial year
    • Production of between 100,000 and 105,000 ounces at a cash cost of around A$420/oz
    • Production in first half of 2008/09 around 50,000 ounces at around $440/oz falling to around $400/oz in the second half
    • Increase in EBITDA and EBIT for 2008/09 based on current price

    DOM is debt free, and I assume it will continue to pay 12c per share. A good long term hold, in my opinion.

 
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Currently unlisted public company.

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