HGD Heritage Gold NZ Limited
HGDCA
HGDOA 

Description:
*
"‘Heritage Gold NZ has been a systematic and persistent acquirer of prime gold areas in New Zealand’s Waihi District – the heartland of New Zealand’s gold industry. Heritage’s tenements adjoin Newmont’s Waihi Pit and extend over highly promising geological domains next to this 140,000ozpa mine and further out along important structural corridors.

‘Over the last two years, Heritage’s exploration energy has been focused 14km to the west of Waihi in the Karangahake gold field. Almost directly beneath the prominent peak of Karangahake, Heritage has been drilling from the historic workings of the Talisman Mine which offer excellent horizontal access for the drilling of new ore positions.

The Talisman Mine has produced a million ounces of gold and three million of silver and is part of a 3.7km long mineralised system. Heritage believes the chances are high that five million ounces of gold could be drilled out in this Karangahake field. It is early days yet, and our rigs have measured 205,000 ounces gold in JORC-compliant resources in a small section of the Talisman Mine.

The relatively confined pit at Waihi has yielded eight million ounces and is a very good analogue for the Karangahake system which we think has epithermal gold potential of world class.

Various scenarios to achieve early production at Talisman with minor modifications to the existing mine are being considered. Perhaps suitable toll treating arrangements can be reached with Newmont at Waihi. Alternatively, it may be more effective to generate shareholder value with Heritage continuing to explore in its own right - building JORC reserves and assessing development scenarios as we progress.

Please explore our website and download the current presentation and images. With this you will get a sense for the ‘lay of our land’ and hopefully our enthusiasm for this high-grade gold system. Our exploration is gaining momentum and in the coming year will move into the aggressive drill testing of the many exciting targets we have away from Talisman."

Website: http://www.heritagegold.co.nz/

Recent announcements: click here

 

Financials

Year

 

 

 

2005

2006

Average GR

 

Gross growth rates

 

 

 

 

Revenue

 

 

 

 

518%

518%

 

NPAT

 

 

 

 

623%

623%

 

Total Assets

 

 

 

 

-18%

-18%

 

Net Assets

 

 

 

 

-16%

-16%

 

Per Share figures and growth

Earnings

 

 

 

 $    (0.00)

 $     (0.02)

 

 

 

 

 

 

 

481%

481%

 

Net Assets

 

 

 

 $     0.10

 $      0.06

 

 

 

 

 

 

 

-33%

-33%

 

Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Profitability

Return on Assets

 

 

 

-3.85%

-34.12%

 

 

Equity Multiplier

 

 

 

1.04

1.01

 

 

Return on Equity (ROE)

 

 

 

-4%

-35%

 

 

ROE (avg E)

 

 

 

-8%

-32%

 

 

Net Profit Margin

 

 

 

-890%

-1041%

 

 

Dividend payout ratio

 

 

 

0%

0%

 

 

Liquidity

Net working capital

 

 

 

 $573,024

 $ 522,740

 

 

Current ratio

 

 

 

2.54

5.95

 

 

Acid test ratio

 

 

 

2.54

5.95

 

 

Other

Times interest earned

 

 

 

 

 

 

 

Operating exp/income

 

 

 

908%

1134%

 

 

 

 

 

 

 

 

 

 

Summary Financials

Income

 

 

 

41013

253507

 

 

Expenses

 

 

 

406202

2892974

 

 

Tax

 

 

 

0

0

 

 

NPAT

 

 

 

-365189

-2639467

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

9475216

7735807

 

 

Liabilities

 

 

 

371899

105698

 

 

Net Assets

 

 

 

9103317

7630109

 

 

Graphs
 
Company Directory
Registered Office:
Mailing address:
Directors:
Peter Atkinson
Geoffrey Hill
Matthew Hill
James M McKee
Ralph Nicholas Stagg
David J Williams
Secretary:
Susan Sangster
Auditors:
Carlton DFK
Solicitors:
Chapman Tripp
Bankers:
Registrar:
Link Market Services Limited
Other:
 
Other Last updated:14-11-2007

Company balance date: 31 March

Trading over the last year

Company Endorsed Add-on section

 

 
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References:
http://www.nzx.com/market/security_details/by_security?code=HGD
http://www.heritagegold.co.nz/
Annual report 2006

Price info provided by Findata

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