Erreicht Gewinnzone Prduktionkosten liegen bei über 900 AUD und die Ressourcen sind relativ knapp bemessen
• Operating Cash Flow of $6.6 million for the half-year
• EBITDA of $5.9 million, compared to $3.2 million for the December 2008 halfyear
• Net profit after tax of $0.7 million, compared to a loss of $2.3 million
• Cash and bullion increased by $3.9 million to $12.1 million
• Total Tasmania Mine gold resources increased to 571,000 ounces
• Reserves increased to 285,000 ounces at 9.6g/t
• The trial of a lower cost, enhanced remote mining method is on track to
commence in the March 2010 quarter
BCD Resources is pleased to report a net profit for the half-year of $0.7 million (31 December 2008
half-year: loss of $2.3 million). This was after providing $4.7 million for depreciation and amortisation.
Earnings before interest, tax, depreciation and amortisation were $5.9 million, an 87.5% improvement on
the December 2008 half-year result.
The improved performance mainly reflects a stronger Australian dollar gold price, partly offset by 4%
lower gold production. The average gold price realised for the half-year of A$1,186 per ounce was 11%
higher than for the same period last year. The average gold price received to date during calendar 2010
is A$1,234 per ounce.
A number of initiatives were commenced during the half-year to further improve productivity and reduce
costs. These included the introduction of a new mining method with lower development and drilling
costs, and selective mining of high grade areas by contractors.
The gross profit from Tasmania Mine operations was $7.8 million, which funded expenditure of $2.0
million on mine development and exploration. The benefit of this exploration was seen in a 37%
increase in gold resources to 571,000 ounces. Cash increased by $4 million and bank debt was fully
repaid during the half-year. Group cash and bullion despatched and accounted as revenue totalled
A$12.1 million at 31 December 2009.
BCD Resources will continue to target resource extensions at the Tasmania Mine and will pursue an
active gold exploration program. It continues to look at options to enhance the value of its attractive
Victorian copper assets.
stocknessmonster.com/news-item?S=BCD&E=ASX&N=329730
• Operating Cash Flow of $6.6 million for the half-year
• EBITDA of $5.9 million, compared to $3.2 million for the December 2008 halfyear
• Net profit after tax of $0.7 million, compared to a loss of $2.3 million
• Cash and bullion increased by $3.9 million to $12.1 million
• Total Tasmania Mine gold resources increased to 571,000 ounces
• Reserves increased to 285,000 ounces at 9.6g/t
• The trial of a lower cost, enhanced remote mining method is on track to
commence in the March 2010 quarter
BCD Resources is pleased to report a net profit for the half-year of $0.7 million (31 December 2008
half-year: loss of $2.3 million). This was after providing $4.7 million for depreciation and amortisation.
Earnings before interest, tax, depreciation and amortisation were $5.9 million, an 87.5% improvement on
the December 2008 half-year result.
The improved performance mainly reflects a stronger Australian dollar gold price, partly offset by 4%
lower gold production. The average gold price realised for the half-year of A$1,186 per ounce was 11%
higher than for the same period last year. The average gold price received to date during calendar 2010
is A$1,234 per ounce.
A number of initiatives were commenced during the half-year to further improve productivity and reduce
costs. These included the introduction of a new mining method with lower development and drilling
costs, and selective mining of high grade areas by contractors.
The gross profit from Tasmania Mine operations was $7.8 million, which funded expenditure of $2.0
million on mine development and exploration. The benefit of this exploration was seen in a 37%
increase in gold resources to 571,000 ounces. Cash increased by $4 million and bank debt was fully
repaid during the half-year. Group cash and bullion despatched and accounted as revenue totalled
A$12.1 million at 31 December 2009.
BCD Resources will continue to target resource extensions at the Tasmania Mine and will pursue an
active gold exploration program. It continues to look at options to enhance the value of its attractive
Victorian copper assets.
stocknessmonster.com/news-item?S=BCD&E=ASX&N=329730
