Search

Perilya enjoys top months

PERILYA Mines NL has capped off its best six month performance, notching up a record operating profit of $6.2 million at its Fortnum gold mine in WA for the first half of the 2000 financial year.

The mine produced 49,414 ounces of gold at a cash operating cost of $256/oz.

Perilya managing director Tim Clifton said the company would spend about $4 million on exploration in the current financial year concentrated on its gold and base metal targets in Australia and Malaysia.

“Perilya is in a strong financial position with cash and gold bullion reserves of about $24 million and no secured debt,” he said.

“There is clear potential within Perilya for substantial growth even before the company considered the acquisition opportunities being pursued.”

The Fortnum mine is located 170 kilometres north of Meekatharra and is 100 per cent owned by Perilya.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
48 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer