PERTH (miningweekly.com) – Junior gold miner Doray Minerals has reduced its net debt to A$23.4-million.
The miner reported on Wednesday that at the end of June, it had cash and payable metals of about A$26.6-million with total debt of A$50-million.
The company said it had received A$19.42-million from the sale of gold-copper middlings product from the Deflector mine, in Western Australia.
Meanwhile, Doray has withdrawn from the Mt Fisher gold project, in Western Australia, after meeting its minimum expenditure requirement of A$1-million under an agreement with fellow-listed Rox Resources.
Rox said it would review the results from Doray’s exploration, particularly the zones of interest generated from the aircore drilling, and will consider its next steps at the Mt Fisher project.
Edited by: Creamer Media Reporter
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