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Allied Gold Limited (TSE:ALG, ASX:ALD) has reported a profit after tax of A$10.2 million for the year to 30 June 2010 compared to a loss in the previous year of A$7.07 million.
Allied Gold Limited (TSX:ALG, ASX:ALD) has reported a profit after tax of A$10.2 million for the year to 30 June 2010 compared to a loss in the previous year of A$7.07 million.
The press release is quoted as saying:
In the 2010-11 financial year the 120,000 ozpa Gold Ridge development is due to pour first gold in March 2011, which will increase group gold production to a rate of 200,000 ozpa. Allied will invest approximately A$70 million at Gold Ridge in the next six months.
Click here to access the entire press release