PanAust US$142m Full Year Profit

Copper and Gold Mining Company, Pan Australian Resources (ASX:PNA) have reported its full year results to its shareholders, share traders and investors.

• PanAust has a full year net profit of US$142.27 million up 8 percent on the previous year.
• Revenue was up 24 percent to US$712.70 million.
• PanAust Managing Director Gary Stafford said, "The successful commissioning of Ban Houayxai (in Laos) and the Phu Kham upgrade were important achievements for 2012, making PanAust a more robust and flexible two-mine company, and providing a broader cash-flow platform for further growth."
• PanAust was expecting to produce between 62,000 tonnes and 65,000 tonnes of copper in 2013, 160,000 ounces and 175,000 ounces of gold, and 1.1 million to 1.2 million ounces of silver.
• PanAust will pay an unfranked final dividend of 4 cents per share. Total dividend distribution for the year was 7 cents per share.