Doray expects up to 110,000 oz of gold for FY2017

Company News

by Jessica Amir

Doray Minerals Limited (ASX: DRM) is forecasting its total gold production will be up to 110,000 ounces for the 2017 financial year.

The gold miner’s Deflector and Andy Well’s projects are also forecasting up to 4,600 tonnes of copper for the same period.

Doray Minerals says its negotiations are being finalised for the sale of its native copper gold project, which is expected to yield about 10,000 ounces of gold.

The majority of the sales revenue will fall into the quarter ending 31 March 2017.

Doray Minerals Limited (ASX:DRM ) posted a net profit of $16.52 million at 30 June 2016.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.