SMH
·general
·1 hour ago
Kaiser pumps up cash stash from Tasmanian gold mine
Kaiser Reef reported $14.28 million in net cash from its Henty gold mine in Tasmania for the March quarter, boosting its cash balance to $45.6 million. The company sold 5,534 ounces of gold, with production primarily from Henty and a second shift soon starting at its Maldon operation. Management anticipates improved performance in the upcoming quarter.
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