Central Norseman profit down

CENTRAL Norseman Gold has posted a 31% fall in net profit to $4.44 million in its final full quarter before control of the Western Australian miner passes from WMC to Croesus Mining.

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The disappointing result came on the back of record production for the year of 128,495 ounces of gold, an increase of 18,771oz over the previous year.

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