Ann: LGL significantly increases resources , page-7

Agrees

Good:
• Record underlying profit of $154.9 million, up 130%
• Record half year gold production of 612,000 oz, up 94% from June 2008.
• Record half year revenue of $564 million, up 97%
• Record operating cashflow of $259 million
• Strong balance sheet: $489 million cash, no debt
• Lihir Island M&I Resources increased 31% to 43 million ounces
• Cote d’Ivoire M&I Resources increased 22% to 1.7 million ounces

Bad:
Statutory net loss of $301 million, after Ballarat impairment of $409 million
but as Calvo said, this amount has been taken into account in the current price as the impairment changes since the announcement on 21 July. "an impairment charge associated with the Ballarat assets in the range of US$250-350 million after tax"