Independence Group NL
(ASX:IGO) has surpassed its output guidance at each of its three Western Australian projects.
The gold and nickel miner’s December quarter production report shows results from its Tropicana, Long and Jaguar mines.
Managing Director Peter Bradford says the mines are maintaining good and steady production and ahead of guidance for the half year on a pro-rata basis.
Mr Bradford advises this has resulted in Independence Group’s cash at bank increasing to about $93 million at the end of the quarter.
Independence Group reported a net profit of $46.55 million in the 2014 financial year.
