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Doray Minerals Provides Quarterly Activities Report

31 Jul 2017  |  09:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Doray Minerals provided quarterly activities report. Total payable production for the quarter ended 30 June 2017 was 874t of copper and 21,781oz of gold, which included an estimated 1,381oz from the Deflector gold copper middlings product. Revenue was $52.4m for the quarter from gold sales of 26,742oz. The 2017 Financial Year group production was 102,054oz at an AISC of $1,277. Its cash position at 30 June 2017 was $20.4m with $4.0m of gold-on-hand and $2.2m of concentrate-on-hand. During the Quarter, the Company repaid $13.5m under its corporate finance facility with Westpac Banking Corporation. The Company advises that as at 30 June 2017 it had 81,265oz sold forward at an average price of A$1,603/oz.

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