Debt down after profitable gold and silver output by Manuka in October

MANUKA Resources’ Mt Boppy/Wonawinta gold and silver operation in New South Wales made a profit of more than A$2.2 million last month, with the company subsequently reducing its debt by a further US$1 million to $8 million.

Debt down after profitable gold and silver output by Manuka in October Debt down after profitable gold and silver output by Manuka in October Debt down after profitable gold and silver output by Manuka in October Debt down after profitable gold and silver output by Manuka in October Debt down after profitable gold and silver output by Manuka in October

The profit came after the company sold 2485 ounces of gold and 2998oz of silver, realising it A$6.19 million versus total costs (including finance and corporate) of $3.93 million.