The TGO gold mine continues to perform well, helped in no small part by a resurgent gold price during H216, and despite unseasonably high rainfall persisting through Q416. Stronger cash flows resulted and we expect the TGO to continue at similar operating levels (to FY16) through FY17. The DZP continues to advance, albeit with a number of concurrent project elements requiring completion before financing can be finalised.
26 Jul 2016
TGO in line with guidance, DZP shovel ready
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TGO in line with guidance, DZP shovel ready
Alkane Resources Ltd (ALK:ASX) | 0 0 0.0% | Mkt Cap: 146.8m
- Published:
26 Jul 2016 -
Author:
Tom Hayes -
Pages:
11
The TGO gold mine continues to perform well, helped in no small part by a resurgent gold price during H216, and despite unseasonably high rainfall persisting through Q416. Stronger cash flows resulted and we expect the TGO to continue at similar operating levels (to FY16) through FY17. The DZP continues to advance, albeit with a number of concurrent project elements requiring completion before financing can be finalised.