Brief: Gascoyne Resources Announces Non-Cash Impairment And September Quarter Production Update
31/08/2022 24:48
Aug 31 (Reuters) - Gascoyne Resources Ltd GCY.AX :
* NON-CASH IMPAIRMENT AND SEPTEMBER QUARTER PRODUCTION
UPDATE
* SEES NON-CASH IMPAIRMENT EXPENSE OF BETWEEN A$40 MILLION
AND
A$50 MILLION FOR DALGARANGA GOLD PROJECT FOR FY22
* FIRST TWO MONTHS OF SEPTEMBER QUARTER HAVE SEEN
ABOVE-AVERAGE
RAINFALL IN MURCHISON, WESTERN AUSTRALIA
* PRODUCTION FOR SEPTEMBER QUARTER IS CURRENTLY EXPECTED TO
BE
1,000-2,000OZ LESS THAN 16,298OZ PRODUCED IN JUNE QUARTER
Source text for Eikon: ID:nASX7dbFQw
Further company coverage: GCY.AX
((Reuters.Briefs@thomsonreuters.com;))
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