RED 5 Limited (RED) 2014年年度报告「ASX」.pdf

1、2014 Annual ReportRed 5 LimitedRed 5 Limited 2014 Annual ReportContentsChairmans Address 2Managing Directors Address 4Resource&Reserve 8Financial Statements 10Directors Report 11Statement of Profit or Loss and Other Comprehensive Income 22Statement of Financial Position 23Statement of Changes in Equ

2、ity 24Statement of Cash Flows 25Notes to the Financial Statements 26Declaration by Directors 49Independent Audit Report 50Corporate Governance Statement 51Statement of Shareholders 54Investor Information 56Corporate Directory IBCRed 5 Limited(ABN 73 068 647 610)is listed on the Australian Securities

3、 Exchange(ticker RED)and OTCQX International(ticker RDFLY)with around 3,800 shareholders.The largest shareholders are Baker Steel Capital Managers with a 19.9%interest and Franklin Resources Inc with 15.7%interest.There are also institutional shareholders based in Toronto,New York,Boston,San Francis

4、co,London,Melbourne and Sydney.The Companys principal asset is the Siana Gold Project situated on the island of Mindanao in the Philippines.The project is held under a Mineral Production Sharing Agreement(MPSA)by Greenstone Resources Corporation(a Red 5 Philippine affiliate Company).The deposit will

5、 be mined by open pit methods with a planned transition to underground mining in the future.Ore will be treated through a conventional modern gravity and carbon-in-leach plant to produce gold dor,which will be shipped to Metalore in Switzerland for refining.The resource base remains open at depth an

6、d along strike.Commercial production was initially declared in April 2012,however difficult conditions in the open pit and poor operating performance resulted in a slow ramp-up.A number of important changes were implemented early in 2013 and performance started to meet forecast expectations,until op