Lihir Gold Limited share price ASX LGL

Lihir Gold Limited (LGL)

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Our commentary:

26 Aug: Lihir Gold today reported its 1H09 results, impressing the market.
A net loss of US$300.9 million for the June half compared with a profit of US$36.5 million last year. The recent half was dragged lower by a US$409 million net impairment charge on its Ballarat project, which was worse than expected. However, underlying profit more than doubled to US$154.9 million from US$67.4 million last year on strong gold prices, increased production and slashed costs.

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