AOR apollo series 2013-1 trust

Issue100-Intelligent/Investor/Magazine/April/5th/2, page-5

  1. 4,330 Posts.
    2002-04-30 1st quarter AURION GOLD LIMITED 2002-04-30 ASX-SIGNAL-G
    +++++++++++++++++++++++++
    IN ITS FIRST QUARTER, THE NEWLY MERGED AURIONGOLD MADE AN
    UNAUDITED PROFIT AFTER TAX OF $20 MILLION
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    The assets of Delta Gold Limited were consolidated with Goldfields
    Limited at fair value as at 31 December 2001 and only contribute to
    Group activities from 1 January 2002.
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    During the March quarter:
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    - Goldfields' name was changed to AurionGold Limited with the ASX
    code of "AOR"
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    - AurionGold achieved attributable gold production of 238,771 ounces
    at an average cash cost of $319/oz and total cost of $439/oz
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    - profit from normal activities for the quarter was $20 million
    giving $42 million for the nine months
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    - potential for a further underground extension to the Quarters
    orebody was indicated by encouraging drill results

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    - drilling at Henty continued to reveal exciting results for the
    Darwin Zone

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    - the intersection of a quartz vein containing visible gold at
    Marlock, 1.5km west of the Quarters mine has led to an exploration
    focus on a new area outside the traditional Mount Pleasant mine
    corridor

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    - the integration of Goldfields and Delta is substantially completed
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    T Burgess
    MANAGING DIRECTOR AND CEO
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    MORE TO FOLLOW
 
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