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BRIEF-Doray Minerals says to recognise impairment charges in interim financial report

Published 22/02/2017, 09:14 am
© Reuters.  BRIEF-Doray Minerals says to recognise impairment charges in interim financial report
DRM_OLD
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Feb 22 (Reuters) - Doray Minerals Ltd DRM.AX :

* Asx alert-non-cash asset impairment-drm.ax

* Total impairment in carrying value of assets of company in range of $40 million to $45 million

* Total impairment charge is a non-cash item

* "Estimated impairment at deflector is expected to be in range of $20 million to $22.5 million"

* Expects to report increased unit costs at andy well for march quarter and an operating loss at that operation for full year ending 30 June 2017

* Impairment in carrying value of assets of likely to be recognised in consolidated interim financial report for period ended 31 December 2016 Source text for Eikon: Further company coverage: DRM.AX

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