Financial Reports
Annual and Quarterly Reports
| 2011 |
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| With the strength of a new team and a clear mission, MDN focused its efforts on adding value to its gold portfolio. MDN`s management reviewed numerous gold projects in Tanzania, Africa and in Quebec in order to broaden the scope of its assets and strengthen its position through joint ventures or acquisitions. |
| Quartely report: |
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| 2010 |
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| Motivated and encouraged by the success of the Tulawaka mine, MDN pursued its exploration program in Tanzania this year on the 767 km² of property holdings it controls around the Tulawaka mine. |
| Quartely report: |
Quarter 1 |
Quarter 2 |
Quarter 3 |
Annual report |
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| 2009 |
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| MDN remains above all a gold exploration company. However, 2009 marked a new stage in the company’s development with an investment in an advanced niobium - tantalum project called Crevier, in Quebec. |
| Quartely report: |
Quarter 1 |
Quarter 2 |
Quarter 3 |
Annual report |
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| 2008 |
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| The strategic decision to accelerate debt repayment allowed the Company to position itself favourably just ahead of the crumbling financial markets. As a direct consequence, MDN finds itself in a highly enviable financial perch, as it announces for the year ended December 31, 2008 net earnings of over $22 million or $0.24 per share. |
| Quartely report: |
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Quarter 2 |
Quarter 3 |
Annual report |
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| 2007 |
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| The Tulawaka Gold Mine produced a higher than expected return. For 2007, Tulawaka gold production reached 178,618 ounces, a 28% production increase over the previous year. The average total cash cost to produce an ounce of gold for the year was US$271. |
| Quartely report: |
Quarter 1 |
Quarter 2 |
Quarter 3 |
Annual report |
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| 2006 |
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| Over the course of the fiscal year, a total of 146,493 ounces of gold were sold entirely in the spot market at an average price of US$606 per ounce for a gross income of US$88.7 million, being US$26.4 million over forecasts. |
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You can access previous years' financial reports on sedar.com
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