Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: Southern Gold's loss

In Brief: Southern Gold's loss

In Brief: Southern Gold's loss

AUSTRALIAN miner Southern Gold reported a $3.56 million (US$3.16 million) after-tax loss for the financial year ended June 30 in its annual report Tuesday. The firm, which holds exploration licences for seven sites containing gold and base metals in northeastern Cambodia, lost A$3.10 million in 2008. The report said that “financing constraints delayed progress on a number of the company’s projects” but added that it still made progress that showed great potential. In Cambodia, the first significant gold intersections on the firm’s wholly owned Anchor Prospect were discovered, it said, vindicating its “early mover strategy” here.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all