Ljubljana share indices end week up, Telekom Slovenije leads gainers
Most Sofia bourse indices fall, Fibank paces blue-chip losers
UPDATE 1 - Bulgarian regulator okays 6.5% hike in Dec natgas price
Zarneni Hrani Bulgaria boosts 9-mo cons net profit, revenue falls
Fitch reaffirms Euroins Insurance Group at B+, outlook stable
Nov 08, 2017 11:34 EEST
November 8 (SeeNews) - Canada's Dundee Precious Metals (DPM) said the adjusted earnings before income taxes of its Bulgarian gold-copper mine Chelopech have increased to $54.4 million (46.9 million euro) in the first nine months of 2017 from $30.7 million in the prior-year period.
Chelopech's January-September net revenue rose to $148.9 million, compared to $116.1 million in the like period of last year, Dundee said in an interim financial report on Tuesday.
Cost of sales rose to $82.1 million in the period under review from $80.1 million a year earlier.
Capital expenditures increased to $12.0 million in the first nine months of 2017 from $10.5 million in the same period of 2016.
In the third quarter alone, Chelopech mine’s adjusted earnings before income taxes rose to $20.1 million from $2.7 million the year before. Net revenue rose to $53.9 million in the July-September period from $30.4 million a year earlier.
In October, DPM said it produced 148,300 ounces of gold from the Chelopech mine in the first nine months of 2017, up from 86,900 ounces produced in the same period of 2016.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options