Mine’s lead, copper, gold demand leads to profits spike

THE Rosebery Mine made an operating profit of $US46.8 million in the first half of the year.
Nanjing Night Net

That was an improvement of $US12.1 million on the same period in 2011, according to figures in ownerMMG’s unaudited interim results.

Rosebery revenue was also up sharply, from $US126.5 million to $US150 million.

The Hong Kong-listed company said revenue from Rosebery was higher due to higher sales of lead, copper and gold.

The sales increase was partly offset by lower realised prices for all products except gold.

This story Administrator ready to work first appeared on Nanjing Night Net.