Improved operating performance in FY2015 Increased gold production to 212koz Decreased AISC to US$877/oz Average gold price of US$1,324/oz Other factors during FY2015 A$:US$ exchange rate decreased 19% from 0.9439 to 0.7658 US$ spot gold price decreased 11% from US$1,315/oz to US$1,171/oz Strong FY2015 financial performance NPAT of A$92.2M or 16.7cps. Up 388% yoy Net cash flow from operating activities of A$85.8M or 16.3cps. Up 350% yoy Strong Balance Sheet at 30 June 2015: Net working capital of A$178M Cash & bullion of A$127m Hedged 63,000ozs at US$1,432/oz Debt Free
Diversify. We invest to make profits. You need to take profits when you have large spikes in stocks, especially if you are up over 100%. At least sell half, and ride some free shares. Have some stocks, EM, bonds, real estate, etc.
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