Sydney, April 1, 2008 AEST (ABN Newswire) - Tamaya Resources Ltd (ASX: TMR)(PNK: TMAYF) publishes Financial Report for the year ended 31 December 2007
Tamaya delivers uplift in profit and production for 2007:
- Profit after tax of $6.6 million (2006: $4.1 million)
- EBIT of $12.6 million (2006: $6.6 million)
- Cash flow from operating activities of $6.7 million (2006: $10.9 million)
- Net assets increased to $165.1 million (2006: $25.8 million)
Corporate:
- Acquisition of 86.2% interest in Iberian Resources
- Acquisition of Latin American Copper in Chile
- Issue of unlisted convertible bonds to the value of US$30 million
Operational:
- Copper production of 5,432 tonnes (2006: 3,652 tonnes)
- Total sulphide resource for Punitaqui of 10.6Mt at 1.4%
- Project 3000 mine and mill expansion project progressed in Chile
- Maiden open pit resource of 2.7Mt at 1.0% for Dalmacia project
- Major 190,000 metre drilling programme announced and commenced for Chile,
Armenia and Portugal
Tamaya Resources Limited (ASX: TMR) has published the company's Financial Report for the year ended 31 December 2007 through the ASX. A copy of the Financial Report is available on the company's web site at:
http://abnnewswire.net/lnk/8I2PAAJ5
Contact
Hugh Callaghan
Executive Chairman
Tamaya Resources Limited
Media: Fortbridge
Bill Kemmery
TEL: +612 9331 0655 or 0400 122 449
| ||
|
