Last 864.00
Change Today +20.00 / 2.37%
Volume 187.7K
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As of 10:00 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

village main reef ltd (VIL) Snapshot

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52 Week High
02/25/14 - $1,140
52 Week Low
11/12/14 - $451.00
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village main reef ltd (VIL) Details

Village Main Reef Limited operates as a mining and resources investment company. The company explores for platinum, gold, antimony, and coal deposits. It principally owns the Lesego platinum project situated near Lydenberg, South Africa. The company, formerly known as Village Main Reef Gold Mining Company (1934) Limited, is based in Johannesburg, South Africa.

4,389 Employees
Last Reported Date: 10/15/14

village main reef ltd (VIL) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: R4.1M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: R1.4M
Operations Director, Executive Director, Mana...
Total Annual Compensation: R2.1M
Total Annual Compensation: R1.1M
Compensation as of Fiscal Year 2014.

village main reef ltd (VIL) Key Developments

Village Main Reef Limited Announces Executive Changes

Village Main Reef Limited announced that Ms. Octavia Matloa has been appointed as Deputy Chairman and Lead Independent Non-Executive Director. Mr. Godfrey Ntoele has been appointed as an independent Non-Executive Director after the resignation of Ms. Khetiwe McClain who resigned as director to pursue opportunities related to the rehabilitation of Buffels, a Village subsidiary. In addition, Mr. Dalu Ncube has also resigned to pursue personal business interests which may potentially cause a conflict of interest in his current role as an Executive Director of Village Main Reef.

Village Main Reef Limited Announces Unaudited Earnings and Operating Results for the First Quarter Ended September 30, 2014

Village Main Reef Limited announced unaudited earnings and operating results for the first quarter ended September 30, 2014. For the quarter, gold production was ahead of plan with 894 kgs produced in the September quarter compared to 906 kgs in the June quarter despite losing 4 production days due to the Orkney earthquake on 5 August 2014. Gold sold at Tau Lekoa decreased by 83 kgs or 10% from 869kg or 27,938oz in the June 2014 quarter to 786kg or 25,270oz in the September 2014 quarter, mainly due to gold lock up in the metallurgical plant at quarter end. For quarter, the company reported revenue was ZAR 348,669,000. Operating profit from mining activities was ZAR 63,804,000. Profit from operations before interest and taxation was ZAR 44,219,000. Profit before taxation from continuing operations was ZAR 44,929,000. Loss before taxation was ZAR 12,453,000. Loss after taxation was ZAR 12,453,000. Post share consolidation basic earnings per share from continuing operations were 100.03 cents. Post share consolidation headline earnings per share from continuing operations were 99.71 cents.

Village Main Reef Limited, Q1 2015 Earnings Call, Nov 12, 2014

Village Main Reef Limited, Q1 2015 Earnings Call, Nov 12, 2014


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