Focus Minerals Ltd Stock Market Press Releases and Company Profile
Focus Minerals Limited (ASX:FML) Delivers First Half A$4.9 Million Interim Net Profit, With Annual Production On Track To Hit 80,000 Ounces
Focus Minerals Limited (ASX:FML) Delivers First Half A$4.9 Million Interim Net Profit, With Annual Production On Track To Hit 80,000 Ounces

Perth, Mar 4, 2010 AEST (ABN Newswire) - West Australian gold miner Focus Minerals Limited (googlechartASX:FML) is pleased to announce an interim net profit of A$4.88 million for the six months to December 31, 2009.

The strong result, which is underpinned by the sale of 21,202 ounces at an average price received of A$1085 per ounce, includes a 346% increase in Earnings Before Income Tax Depreciation and Amortisation (EBITDA) from the corresponding period.

Following the close out of the last remaining forward gold contracts in December last year, Focus is now hedge-free and fully exposed to the prevailing high gold spot price.

Focus Chief Executive, Campbell Baird, said the result was particularly pleasing given production for the half was achieved through a single 45 day toll treating campaign.

"With Three Mile Hill now fully operational and our aggressive exploration program in full swing, it is clear we are gaining a lot of momentum and there is a great deal to look forward to in the second half of 2010."

About Focus Minerals Ltd

Focus MineralsWith over 3.8Moz of Mineral Resource, Focus Minerals Limited (ASX:FML) has a highly strategic portfolio of assets across Australia's two leading gold producing districts – the Kalgoorlie/Coolgardie belt and Laverton – and the financial muscle to continue to unlock further potential for growth.

abnnewswire.com 


Contact

Campbell Baird, CEO
Focus Minerals Ltd
Tel: +61-8-9215-7888
www.focusminerals.com.au



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