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
|
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 |
|
|
| 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
