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The growth marks continued health demand for coal from the company’s four mines with total production increasing 29% to 1.2 million tonnes during the 12 months ending in October.
The aggregate quantity traded for FY2012 increased by 149% or 600,000t to 1Mt when compared with FY2011.
The Australian Stock Exchange-listed miner lifted its total assets over the period 96% to $212 million while total liabilities also surged from $29 million last year to $94 million at the end of FY2012.
Cash and cash equivalents at the end of period increased 126% compared to last year to $27 million.
In April 2012, Blackgold acquired Chongqing Guoping Shipping Transportation, a company connected to Blackgold executive director YuGuo Peng for $24 million.
GPST operates a barge transport business along the Yangtze River involving predominately coal, iron ore and sand. Its fleet consists of nine hollow hull barges.
Blackgold’s Caotang, Heiwan, ChangHong and small-quantity WuShan MaoJiaWang mines are situated in the Chongqing and Guizhou regions of southwest China.
JORC-code compliant coal for the company’s mines total 46.2Mt of probable, 79.4Mt proven and 41.9Mt inferred reserves.
