2013 Metrics – Major Improvements LACHLAN STAR LIMITED 11 CMD Gold Mine Gross Operating Profit (US$) 1 CMD Gold Mine Gross Operating Profit 1 has increased over the year despite the fall in the gold price Combination of reduced waste:ore ratio, higher gold production and reduced unit rates has resulted in major improvements in the financial metrics Waste to ore ratio will continue to fall towards the LOM ratio in the NI 43-101 Technical Report of 0.98:1 1 – Gross Operating Profit/Loss equals revenues and dore in process plus ore stockpiles less cost of sales (including waste expensed and amortised), interest and other site expenses and excluding foreign exchange movements, depreciation, exploration and process inventory adjustments
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