ASX-listed Doray Minerals ended the 2016 financial year in June with strong earnings and record cash flow, despite lower production, compared with the previous year. The company, which owns the Andy Well mine and is ramping up production at its second Western Australia mine, Deflector, reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of A$62.7-million, down 7% on the previous year’s A$67.2-million. Revenue fell to A$131.1-million, from A$134.1-million in 2015.
