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Golden Energy and Resources Ltd (GEAR), an international energy and resources company, has announced its full year results for the financial year ended 31 December 2020 (FY20).
Fuganto Widjaja, Executive Chairman of GEAR, said: “FY20 was a transformational year for GEAR, characterised by corporate actions which enabled the group to further diversify into metallurgical coal and gold. The strategic increase in stake of Stanmore Coal and acquisition of Ravenswood Gold evolved out of rational forecasts of long-term business prospects and their valuations in recent times when we had opportunities to invest. Last year was a turning point as we rode the peaks and troughs of the markets, realising investment gains and securing other strategic investments which put us in good stead for the long term.”