Gold mining company, Doray Minerals Ltd
(ASX:DRM), has reported its unaudited net profit fell 13% to $16.5 million last financial year.
Gold production was also down 5% to 84,135 ounces. On the other hand, the company says it had record cash flow of $61 million – which is $5 million more than it had in FY15.
In regards to its Deflector Project, the company says open pit mining is progressing on schedule, and underground development is advancing towards its first ore drives.
The company also says it has scheduled debt repayments of $35 million, and is now included in the ASX 300.
