Gascoyne warns of impairment, updates guidance

GASCOYNE Resources has warned it is looking at a big non-cash impairment given its A$135 million market capitalisation is less than the carrying value of its assets.

Gascoyne warns of impairment, updates guidance Gascoyne warns of impairment, updates guidance Gascoyne warns of impairment, updates guidance Gascoyne warns of impairment, updates guidance Gascoyne warns of impairment, updates guidance

Gascoyne is flagging steady production, despite some issues

Accounting rules require an assessment by the end of June, and the company says it is looking at taking a pre-tax hit of $65-90 million on the value of Dalgaranga due to a lower gold price assumption

topics

loader