Dominion Mining says revenue for the 2009 financial year reached $110 million as a higher gold price offset lower production.
In a report released today, the company said the revenue was achieved from the sale of 97,443 ounces of gold at an average price of $A1,128 an ounce, generating a gross capital margin of $66.6 million.
Dominion, which operates the Challenger gold mine in South Australia, reported a net operating cash margin after development and capital expenditure of $37.9 million.
In fiscal 2008, Dominion reported revenue of $97.6 million.
During the 2009 financial year, Dominion produced 98,755 ounces of gold, down 9.6 per cent on the previous year.
Cash operating costs were up from $367.oz to $438/oz.
Dominion said production and costs were adversely impacted in April and May this year by poor truck availability and the replacement of equipment which required the mill to be shut down longer than expected.
At the end of the June, Dominion had $42.3 million in cash and $3 million in bullion.
Shares in Dominion were down three cents to $4 at 15:47 AEST.
