SUMATRA COPPER & GOLD PLC | LEVEL 1, 5 ORD STREET, WEST PERTH WA 6005, AUSTRALIA ABN 14 136 694 267
REGISTERED IN ENGLAND AND WALES | 39 PARKSIDE, CAMBRIDGE CB1 1PN UNITED KINGDOM REGISTRATION NUMBER 5777015
Corporate Directory
DIRECTORSStephen Daniel Robinson (Non-Executive Chairman) David Fowler (Managing Director)
Adi Adriansyah Sjoekri (Executive Director)
Jocelyn Severyn de Warrenne Waller (Non-Executive Director) Gavin Arnold Caudle (Non-Executive Director)
Andrew Robb (Non-Executive Director)
COMPANY SECRETARYSusan Hunter
REGISTERED OFFICE39 Parkside Cambridge CB1 1PN United Kingdom
AUSTRALIAN OFFICELevel 1, 5 Ord Street West Perth WA 6005 Australia
Phone: +61 8 6298 6200
BANKERSHSBC Bank plc 69 Pall Mall
London SW17 5EY United Kingdom
National Australia Bank 1238 Hay Street
West Perth WA 6005 Australia
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORSBDO LLP
55 Baker Street London W1U 7EU United Kingdom
SHARE REGISTRYComputershare Investor Services Pty Limited Level 2, 45 St George's Terrace
PERTH WA 6000
Phone: 1300 552 270 (within Australia)
Phone: +61 3 9415 4000 (outside Australia)
WEBSITEwww.sumatracoppergold.com
STOCK EXCHANGE LISTINGAustralian Securities Exchange Share code: SUM
Contents
Highlights | 1 |
Chairman's Statement | 2 |
Review of Operations | 3 |
Review of Exploration | 11 |
Strategic Report | 19 |
Directors' Report | 25 |
Independent Auditor's Report | 28 |
Consolidated Statement of Comprehensive Income | 35 |
Consolidated Statement of Financial Position | 36 |
Consolidated Statement of Changes in Equity | 37 |
Consolidated Statement of Cash Flows | 38 |
Notes to the Consolidated Financial Statements | 39 |
Parent Financial Statements and Notes to the Financial Statements | 70 |
Additional ASX Information | 87 |
Highlights
Sumatra Copper & Gold plc (ASX: SUM), an Indonesian gold and silver mining company, had a successful year with the first full year of production achieved from its flagship Tembang gold-silver mine. The Company also has significant potential for organic growth through exploration and development.
Highlights for the calendar year 2016 were:
Production of 25,245 ounces of gold and 392,417 ounces of silver for 30,509 gold equivalent ounces
Development of the Tembang Exploration Target Pipeline
Refinance of senior secured debt facility
Our Vision
Siswa berkunjung - master fakultas pertambangan(Student visit - master faculty of mining)
To be the best mid-tier gold producer in Indonesia in terms of value creation for shareholders, employees and the communities in which we operate.
Our Mission
As a Company and team, we are dedicated to the exploration and development of sustainable mineral projects. We aim to grow our business to create value for stakeholders involved with the Company.
We continually challenge the way in which we operate through the implementation of best practices in everything we do. We are committed to improving efficiencies to maintain and reduce our operating costs.
We invest in the development of our employees to achieve our objectives.
We seek to explore, develop and operate our projects safely with minimal impact on the environment.
1 | P a g e
Sumatra Copper & Gold plc published this content on 02 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 May 2017 02:43:06 UTC.
Original documenthttp://www.sumatracoppergold.com/_literature_227964/Annual_Report
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