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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lihir Gold, Limited (MM) | NASDAQ:LIHR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 39.25 | 0 | 01:00:00 |
SIGNATURES |
By: | /s/ Stuart MacKenzie | |||
Name Stuart MacKenzie | ||||
Title: | Group Secretary & General Counsel | |||
|
GPO Box 905 | |||||
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Lihir Gold Limited | Phone: +617 3318 3300 | Brisbane QLD 4001 Australia | |||
|
Incorporated in Papua New Guinea | Fax: +617 3318 9203 | Level 9, 500 Queen Street | |||
|
ARBN 069 803 998 | Website: www. LGLGold.com | Brisbane QLD 4000 Australia |
Joe Dowling
|
Richard Phillips | |
GM Corporate Affairs
|
Caliburn Partnership | |
+61 421 587755
|
+61 3 9935 6806 | |
|
||
Josie Brophy
|
||
Corporate Communications Manager
|
||
+61 7 3318 3317
|
Page 2
1) | LGL is strongly positioned following record FY09 performance | |
| Record gold production of 1.124 million ounces, up 27% from previous year and at the top end of guidance | |
| Record mine EBITDA of US$634 million, up 63% from previous year | |
| Record underlying profit of US$290 million, up 57% from previous year | |
| Revenues exceeded US$1 billion for the first time | |
| Record operating cashflow of US$451 million, up 117% | |
| LGL has maintained a low position on the gold industry cost curve (US$397 per ounce total cash cost in 2009) | |
| Strong balance sheet as at 31 December 2009 with a net cash position of US$423 million (comprised of US$474 million cash and US$51 million debt) | |
| Interim dividend of US 1.5 cents per share paid in November 2009 and final dividend of US 1.5 cents per share paid in March 2010 | |
2) | LGL has outstanding growth prospects | |
| LGL aims to produce 1.45 million ounces per annum on average for the five years from 2012 to 2016 rising to an average of 1.5 million ounces per annum for the following five years to 2021. This would be driven by current organic growth developments and opportunities. This represents an increase of approximately 50% from 2010 production of between 0.96 and 1.06 million ounces | |
| LGL has plans to expand Lihir Island annual production well beyond one million ounces of gold, with current production targets of 1.1 million ounces per annum on average for the five years from 2012 to 2016 and 1.25 million ounces per annum for the following five years to 2021 | |
| LGL aims to increase production at Bonikro to approximately 250,000 ounces per annum on average for the five years from 2012 to 2016 following the completion of a feasibility study during 2010 | |
| LGL aims to maintain production at Mt Rawdon in Queensland at approximately 100,000 ounces per annum on average for the period from 2012-2016. | |
| Lihir Island resources (measured and indicated) were increased to 43.0 million ounces during FY09, up 31% from the previous year, with further drilling in the current year expected to add to reserves. This underlying resource position presents major optionality for further production growth. | |
| The company possesses significant optionality to increase its resource base and develop new mines in Côte dlvoire, West Africa where it holds approximately 18,000 sq kms of tenements and applications and is actively exploring for more gold |
Page 3
1 Year Lihir Gold, Limited (MM) Chart |
1 Month Lihir Gold, Limited (MM) Chart |
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