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To: Gofer who wrote (545)	7/19/2001 4:09:55 AM
From: craig crawford	Respond to of 1643

Thursday 19 July 3:17 PM Gwalia says it expects rise in profit au.dailynews.yahoo.com SYDNEY, July 19 (Reuters) - Australian miner Sons of Gwalia Ltd said on Thursday it was on track for higher profits in the year ended June 30 after recording a rise in gold and tantalum output. The company said its gold mines, located in Western Australia, yielded 438,166 ounces of gold in 2000/01 (July/June), up from 413,184 ounces the previous year. Tantalum output over the period was up 45 percent to a record 1.6 million pounds. "Together with strong results from the gold division in terms of production and cash margins, the record tantalum results complete what has been an excellent year for the company and provide the basis for another increase in profits for the year to June 30, 2001," executive chairman Peter Lalor said in a statement. Last year, the company reported net profit of A$58.3 million. and is scheduled to announce its 2000/01 financial results on August 22. Sons of Gwalia shares were a cent higher at A$8.61 in light volume in afternoon trading in a slightly firmer overall market.