PRECIOUS METALS

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

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. Manuka's "internal...

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