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g-resources group ltd (1051) Snapshot

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08/28/13 - $0.28
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g-resources group ltd (1051) Details

G-Resources Group Limited, an investment holding company, explores and mines mineral properties, primarily gold in Indonesia. It also explores for silver, copper, and other mineral deposits. The company principally holds interest in the Martabe Gold and Silver project located in North Sumatra, Indonesia. In addition, it is involved in operating fund management activities; and securities trading business. The company was formerly known as Smart Rich Energy Finance (Holdings) Limited and changed its name to G-Resources Group Limited in June 2009. G-Resources Group Limited is headquartered in Wanchai, Hong Kong.

717 Employees
Last Reported Date: 03/28/14

g-resources group ltd (1051) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $2.0M
Chairman, Chairman of Nomination Committee an...
Total Annual Compensation: --
Vice Chairman, Member of Investment Committee...
Total Annual Compensation: $701.0K
Deputy Chief Executive Officer, Executive Dir...
Total Annual Compensation: $351.0K
Executive Director and Member of Investment &...
Total Annual Compensation: $252.0K
Compensation as of Fiscal Year 2013.

g-resources group ltd (1051) Key Developments

G-Resources Group Limited Reports Operating Results for the Second Quarter of 2014; Revises Production Guidance and Capital Expenditure Guidance for the Year 2014

G-Resources Group Limited reported operating results for the second quarter of 2014. For the quarter, the production was 70,135 ounces of gold and 530,918 ounces of silver compared to 64,802 ounces of gold and 515,617 ounces of silver respectively in the prior quarter. 70,135 ounces of gold poured for the quarter. This brings the half year to 134,937 ounces, which is equivalent to an annualized production of 270,000 ounces, exceeding current guidance of 230,000 to 250,000 ounces. 530,918 ounces of silver poured for the quarter and 1,046,535 ounces for the half year, which is equivalent to an annualized production of over 2 million ounces, meeting current guidance. Gold and silver revenue received from sales of $102 million. The company considers that it will achieve the upper end of the prior guidance for 2014, i.e. 250,000 ounces of gold. Silver guidance at 2 million ounces remains unchanged. Exploration expenditures are expected to be reduced slightly from $17 million to approximately $15 million, whilst capital expenditure is estimated to be approximately $60 million - this includes some minor land acquisition costs and lifts for the tailings storage facility. The installation of a secondary crushing facility to bring plant throughput capacity to around 5 mtpa, is now not anticipated to occur until the first half of 2015.

G-Resources Group Limited Reports Consolidated Audited Earnings Results for the Six Months Ended December 31, 2013

G-Resources Group Limited reported consolidated audited earnings results for the six months ended December 31, 2013. For the six months, the company reported revenue of USD 212,505,000, EBITDA of USD 107,058,000, profit before taxation of USD 52,193,000, profit for the period of USD 39,105,000. Profit for the period/year attributable to owners of the company was USD 38,320,000 or USD 0.17 basic and diluted earnings per share. Net cash generated by operating activities was USD 96,150,000. Purchase of property, plant and equipment was USD 47,674,000.

G-Resources Group Limited, Annual General Meeting, Jun 18, 2014

G-Resources Group Limited, Annual General Meeting, Jun 18, 2014., at 10:00 China Standard Time. Location: Dynasty I, 7/F, The Dynasty Club. Agenda: To receive and consider the audited consolidated financial statements and reports of the directors and auditors of the company for the six months ended 31 December 2013; to re-elect directors of the company; to authorize the board of directors of the company to fix the remuneration of the directors of the company; to re-appoint Messrs. Deloitte Touche Tohmatsu as auditors of the company and to authorize the board of directors of the company to fix their remuneration; to grant a general mandate to the directors of the company to issue new shares of the company; to grant a general mandate to the directors of the company to repurchase shares of the company; to extend the general mandate granted to the directors of the company to issue shares by the number of shares repurchased; and to approve and adopt the new share option scheme.


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