Kingsrose Mining: Interim result 2013

Lower production resulted in a multitude of problems but today's woes are likely to be short term.

Problems at Kingrose Mining’s mine site were evident in the company’s half year result. Gold production fell 67% to 6,989 ounces of gold and silver production fell 73% to 67,000 ounces of silver. Revenue was, unsurprisingly, 61% lower at $15.9m but the company did at least stay profitable, generating net profit of $2.5m, down 82% from last year. Earnings per share fell 75% to 1.07 cents.


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