Perilya Limited

Published : August 29th, 2008

Full Year Report

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NEWS AT PERILYA 

 

Perilya announces 2008 Full Year Report

Perilya (ASX:PEM) today released its financial results for the year ending 30 June 2008, reporting a net loss after tax of $140.2 million after one-off impairment write downs totalling $188.2 million (pre tax) associated primarily with its Broken Hill zinc and lead operation.  Excluding the effect of one-off items, the underlying net loss after tax attributable to members of the company was $22.1 million.

 

The results reflect the challenging period of the past 12 months that saw metal prices fall significantly giving rise to Perilya's recent decision to resize the Broken Hill Operation to focus on a lower production and cost profile. (ASX Release 21 August 2008).

 ?         Underlying net loss after tax of $22.1 million?         Impairment write downs on the carrying value of mine property, plant and quipment and exploration assets of $188.2 million (pre tax) due primarily to the resizing of the Broken Hill Operation?         Resized and focussed on sustaining a financially viable operation during the low metal prices environment?         Positioning to re-establish increased production and profitability when metal prices increase

?         Zinc production was 91,295 tonnes and lead production was 52,412 tonnes for the year. (FY07: 92,100 tonnes of zinc and 60,500 tonnes of lead).

Going forward we are resizing the Broken Hill Operation, reviewing the development opportunities for the Mount Oxide copper  project, other non-core assets, and Perilya's capital management.

  The Full Financial Year Media Release and the Detailed Preliminary Final Report made today to the Australian Stock Exchange can be viewed on the PEM website by clicking here.   For further information: 

Investors:            Patrick O'Connor, Executive Chairman                

Media:                 Darryl Edwards, Company Secretary

   


Perilya Limited

Phone :

(+61) 8 6210 2000

Fax :

(+61) 8 6210 2099

Background to Perilya

Perilya Limited is a leading Australian base metal mining and exploration company. It is an S&P/ASX 200 listed company. Perilya owns and operates the iconic Broken Hill zinc, lead and silver mine in New South Wales, Australia and the Beltana high grade zinc mine in South Australia. The company is strengthening its project pipeline with an exploration decline at the Potosi deposit in Broken Hill, exploration at the Mount Oxide copper deposit in Queensland and the Flinders Project in South Australia. Perilya has a strong balance sheet with low debt levels and is actively seeking growth opportunities through acquisition.

For more details, visit www.perilya.com.au

Perilya Limited

PRODUCER
CODE : PEM.AX
ISIN : AU000000PEM8
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Perilya Ltd. is a zinc and lead producing company based in Australia.

Perilya Ltd. produces zinc, lead, silver in Australia, develops cobalt, copper and silver in Australia, and holds various exploration projects in Australia.

Its main assets in production are BROKEN HILL - POTOSI and BROKEN HILL in Australia, its main asset in development is MOUNT OXIDE in Australia and its main exploration properties are ROCKHAMPTON, BROKEN HILL EXTENDED, BROKEN HILL SOUTHERN EXTENSIONS, FLYING DOCTOR, NORTHERN LODES, PINNACLES (BROKEN HILL EXTENDED), FLINDERS and BROKEN HILL DISTRICT in Australia and TAMPANG in Malaysia.

Perilya Ltd. is listed in Australia and in Germany. Its market capitalisation is AU$ 184.1 millions as of today (US$ 162.7 millions, € 119.3 millions).

Its stock quote reached its highest recent level on January 05, 2007 at AU$ 5.80, and its lowest recent point on November 28, 2008 at AU$ 0.09.

Perilya Ltd. has 526 075 563 shares outstanding.

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Annual reports of Perilya Limited
2007 Annual Report
2006 Annual Report
Project news of Perilya Limited
2/27/2009(Mount Oxide)Increase in Resource for Mount Oxide Copper Project
1/21/2009(Broken Hill)Takeovers Panel Backs Perilya
8/21/2008(Broken Hill - Potosi)Broken Hill Operation
6/13/2008(Broken Hill)Significant new resources defined at Henry George
Corporate news of Perilya Limited
12/1/2010Announces Extension of Offer by Perilya
7/20/2009Silver buy-back transaction announcement
7/16/2009 Lowers Cash Costs of Production Via The Termination Of Silv...
1/22/2009WELCOMES PANEL DECISION, WITHDRAWAL
12/29/2008ZHONGJIN UPDATE
12/19/2008Takeovers Panel Media Release
12/9/2008Secures Watershed Alliance with Zhongjin
12/8/2008ADVISES SHAREHOLDERS TO TAKE NO ACTION ON CBH OFFER
11/14/2008CBH CONFIRMS PERILYA RESOLUTIONS WILL NOT TRIGGER OFFER COND...
10/2/2008Unsolicited Takeover Offer From CBH Resources Limited
8/29/2008 Full Year Report
8/19/2008 Excellent New Copper and Cobalt Intercepts and Metallurgica...
7/22/2008and CBH terminate Merger Implementation Deed
6/12/2008New Resource for Flinders increases confidence in a low cost...
2/21/2008Response to Media Article
12/21/2007Notice of ceasing to be a substantial holder
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AUSTRALIA (PEM.AX)FRANKFURT (PY5.F)
0.350+0.00%0.229+4.57%
AUSTRALIA
AU$ 0.350
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0%
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0.345 0.350
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.350 -%
Volume 1 month var.
188,781 -%
24hGold TrendPower© : 34
Produces Lead - Silver - Zinc
Develops Cobalt - Copper - Silver
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
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