BRM Brinkley Mining

 

TIDMBRM 
 
RNS Number : 7182I 
Brinkley Mining PLC 
17 March 2010 
 
 
 
 
For Immediate Release 
                                                                   17 March 2010 
 
                              Brinkley Mining PLC 
                      "Brinkley Mining" or the "Company") 
 
                          Notice of Full Year Results 
                              and Corporate Update 
 
Brinkley Mining plc (AIM: BRM), will announce its full year results, for the 
year ended 31 December 2009, on Monday, 19 April 2010. 
 
On 27 January 2010, Brinkley Mining announced that it had purchased a further 
4.5 per cent. of Dragon Mining Limited ("Dragon") for a further cash 
consideration of A$3 million (equivalent to approximately GBP2 million). 
Following this further investment, Brinkley currently owns approximately 12.68 
per cent. of Dragon. 
 
Dragon Mining is listed on the Australian Securities Exchange (ASX Code: DRA) 
Dragon operates the Svartliden Gold Mine in Sweden and the Orivesi and Jokisivu 
Gold Mines in Finland, which collectively produced 66,149 ounces of gold in 2009 
(2008: 74,206 ounces). 
 
As reported in Dragon's audited report and accounts for the year ended 31 
December 2009, Dragon made a loss before taxation of AS$7.27 million (2008: 
profit of A$8.167 million) on a turnover of A$74.658 million (2008: A$69.98 
million). The loss before tax in 2009 included A$21.4 million of foreign 
currency losses due to the impact of the appreciation of the Australian Dollar 
against the Euro and Swedish Krona on certain intercompany loans which had no 
effect on cash flow. As at 31 December 2009 Dragon's net assets amounted to 
A$43.92 million (2008: A$44.16 million) and Dragon had cash of A$4.4 million 
(2008: A$8.5 million). 
 
Further information on Dragon is available at its website, 
www.dragon-mining.com.au. 
 
 
For further information please contact: 
Brinkley Mining Plc 
Peter Gunzburg 
      Tel: +618 94810572 
Beaumont Cornish Limited 
Michael Cornish 
       Tel: +44 (0) 20 7628 3396 
 
 
ENDS 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBDLFFBXFFBBZ 
 

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