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19/01 - ASX Release - December 2014 Quarterly Report

Key Points

HENTY:

  • Sustained strong operational performance from Henty with quarterly production of 11,370oz gold at a cash operating cost of $968/oz and AISC of $986/oz – continuing to deliver significantly ahead of plan

DARGUES:

  • Preparation for submission of planning modification nearing completion

CORPORATE:

  •  Continued cash build with $12.3M cash at bank – above current market capitalisation
  •  An additional $9.5M held in cash-backed performance bonds
  •  Sustained cost reductions across the group
  •  Gold put options acquired to hedge approximately 70% of forecast gold production January to June 2015 at A$1445/oz

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