hmmmmmnot a massive producer but seems good value Sydney -...

hmmmmm
not a massive producer but seems good value


Sydney - Friday - August 28: (RWE Aust Business News) -
Beaconsfield Gold (ASX:BCD)posted a consolidated net profit of $9.09
million for the year to June 30 2009 against a $32.98m loss previously.
This substantial turnaround reflects the first year of full
production at the Tasmania mine and follows three years of losses.
Revenue increased to $85.3 million from $31.4 million, reflecting
increased production of 70,178 ounces from 33,570 ounces and higher gold
prices.
Earnings before interest, tax, depreciation and amortisation
(EBITDA) for the year were $15.2 million versus a loss of $28.6 million.
"The turnaround in profitability represents a significant
step forward for Beaconsfield Gold as it builds its operating
capability," chief executive Bill Colvin said.
"In the current year, we will work on steadily improving
production levels and reducing costs.
"The company is now a profitable mid-tier gold producer, with no
gold hedging, no bank debt and good growth potential in both Tasmania and
Victoria."
The average gold price realised for the year of $1,182 per ounce
was 29pc higher than for the 2008 financial year.
ENDS rx