gold mining Australia Australian gold producer Alkane delivers record net profit of A$70.3 million in FY22
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
The company said that this record result was driven by a strong performance at the Tomingley Gold Operations, and the change to the accounting classification of the investment of Genesis Minerals Ltd. The company also noted that during the year, Genesis Minerals Ltd shares to the value of $53.0M were sold at a substantial gain over Alkane’s cost base, adding that Genesis Minerals Ltd accounting treatment was changed during the period resulting in a one-off $48.3M derecognition gain of equity investment.
Managing Director Nic Earner stated, “We’re pleased to deliver this strong result for shareholders. Delivering solid production alongside exploration success is our goal and we are proud of our achievements in FY22. In particular, the upgrade in the resource at Roswell and the initial Boda resource of over 10 million equivalent gold ounces are standout milestones.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andreescu advances to second round at U.S. Open with three-set win over TanBianca Andreescu advanced to the second round of the U.S. Open with a 6-0, 3-6, 6-1 win over France's Harmony Tan on Monday.
Read more »
Andreescu advances to second round at US Open with three-set win over TanNEW YORK — Bianca Andreescu advanced to the second round of the U.S. Open with a 6\u002D0, 3\u002D6, 6\u002D1 win over France’s Harmony Tan on Monday.
Read more »
South Korean duo share lead entering final round of CP Women's OpenThe two South Koreans have a host of close pursuers, though, in the LPGA Tour event at Ottawa Hunt and Golf Club.
Read more »
GARRIOCH: Brooke Henderson heads in the wrong direction in Round 3 of CP Women's OpenGARRIOCH: Brooke Henderson heads in the wrong direction in Round 3 of CP Women\u0027s Open
Read more »
CP Women's Open: South Korean duo share lead entering final roundThe two South Koreans have a host of close pursuers, though, in the LPGA Tour event at Ottawa Hunt and Golf Club.
Read more »
CP Women's Open: Brooke Henderson heads in the wrong direction in Round 3GARRIOCH: Brooke Henderson heads in the wrong direction in Round 3 of CP Women\u0027s Open
Read more »