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09/23/13 - €0.07
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galaxy resources ltd (LK9) Details

Galaxy Resources Limited operates as an integrated lithium mining and chemicals company. It explores for lithium, tantalum, copper-gold, nickel, gold, iron ore, rare earths, and uranium. The company has interests in various projects, including the Sal de Vida lithium and potash brine project in Argentina; the Mt Cattlin Spodumene mine in Western Australia; and the James Bay Lithium Pegmatite project in Quebec, Canada, as well as holds portfolio of projects in Western Australia at various stages of development. Galaxy Resources Limited is based in West Perth, Australia.

galaxy resources ltd (LK9) Top Compensated Officers

Managing Director, Executive Director and Mem...
Total Annual Compensation: A$324.3K
Interim Chief Financial Officer and Company S...
Total Annual Compensation: A$225.8K
Executive Director and Member of Special Mana...
Total Annual Compensation: A$324.3K
General Manager of Development
Total Annual Compensation: A$263.5K
Compensation as of Fiscal Year 2013.

galaxy resources ltd (LK9) Key Developments

Galaxy Resources Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Galaxy Resources Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. Loss before taxation was AUD 12,131,000 against AUD 18,077,000 last year. Loss from continuing operations was AUD 12,131,000 against AUD 17,648,000 last year. Loss attributable to owners of the company was AUD 25,812,000 against AUD 34,269,000 last year. Basic and diluted loss per share from continuing operations attributable to the ordinary equity holders of the company was 1.18 cents against 3.06 cents last year. Basic and diluted loss per share attributable to the ordinary equity holders of the company was 2.51 cents against 5.94 cents last year. Net cash outflow from operating activities was AUD 4,282,000 against AUD 11,136,000 last year. Acquisition of property, plant and equipment was AUD 1,434,000 against AUD 3,050,000 last year. Payments for exploration and evaluation assets were AUD 883,000 against AUD 4,867,000 last year.

Galaxy Resources Limited Announces Cash Flow Results for the Quarter Ended June 30, 2014

Galaxy Resources Limited announced cash flow results for the quarter ended June 30, 2014. Net operating cash outflows were AUD 8,797,000 compared to AUD 11,567,000 a year ago. Payment for purchases of other fixed assets amounted to AUD 149,000 compared to AUD 1,434,000 a year ago.

Galaxy Resources Announces Resignation of K C Kwan as Independent Non-Executive Director

Galaxy Resources Limited announced that, effective 30th June 2014, Mr. K C Kwan has resigned as an Independent Non-Executive Director of the Company due to increased commitments from his other professional roles. Mr. Kwan will thus also step down as chairman of the Audit and Risk Management committee and as a member of the Remuneration Committee. Mr. Kwan has served on the Board of Galaxy since 2010 and since that time has played a valuable role as an independent director.


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