Unstable zinc price hurts miner perilya’s outcome
A net loss of $140.2 has been reported by miner perliya, after one off impairment write downs of $188.2 million, following the recent downgrade of its broken hill operation.
The company said:
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 re-size the Broken Hill operation to focus on a lower production and cost profile.
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Mon, Sep 1, 2008
Post by Melissa Pistilli, Zinc Senior Reporter