RE: 2024 Accounts30 Jun 2025 21:01
The Group’s revenue consists of sales of gold and silver bullion to a third-party refiner.
in united states dollars
gold bullion concentrate silver bullion concentrate Total
31 December 2023
2,196,340 1,320 2,197,660
31 December 2024
4,946,855 4,216
4,951,071
Sales of gold and silver bullion were made to one main customer, Metalor Technologies SA, the Group’s gold and silver refiners, who are based in Switzerland. The gold bullion figure includes 2,155.69 troy ounces of gold. 151,95 troy ounces of silver (2023: 1,257.25 troy ounces of gold. 59.22 troy ounces of silver).
In 2024, US$Nil (2023: US$10,529) was used to repay the Gold Loan Facility