Beadell Resources Limited
(ASX:BDR) has posted a first half net profit of $37.1 million in its maiden six months of production at its gold mine in Brazil.
Managing Director Peter Bowler says its Duckhead mine in Brazil is one of the most profitable gold pits globally.
Mr Bowler says he expects the next half to be far stronger, with full year gold production to hit 185 to 195,000 ounces.
Production has been forecast at over 200,000 ounces as Beadell expects to process a significant portion of Duckhead high grade ore in fiscal 2014.
