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Poor Croesus year signed off

POOR gold production coupled with development and exploration write-downs have resulted in a $16.98 million loss for Croesus Mining for the 2004/05 financial year, a 216% decrease from the previous corresponding period.

Ben Sharples
Poor Croesus year signed off

Gold output for the financial year was 183,020 ounces (compared to 236,760oz in 2003/04) at a cash cost of $440 per ounce (369/oz). Croesus attributed the poor gold production to the underperformance...

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