Eastplats recorded net earnings of USD16 364 000 (USD0.02 per share) compared to a net loss of USD26 836 000 (USD0.04 loss per share) for the year ended 31 December 2007. EBITDA was USD36 237 000 compared to USD40 343 000 in 2007. Average recovery rates for the year improved to 76%, compared to 72% in 2007, following planned improvements to the concentrator circuit at the Crocodile River Mine. Hard rock ore processed increased by 15% to 1 175 519 tonnes in 2008 from 1 025 293 tonnes in 2007. The company achieved an average grade for 2008 of 4.01 grams per tonne, up from 3.96 grams per tonne in 2007. During the year, the company spent USD143 million on capital expenditures primarily at Crocodile River and at Spitzkop.
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