LGL 3.14% $1.48 lynch group holdings limited

bargin

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    Lihir Gold (LGL) reported 1H08 net profit of US$36.5M, up 78% from 2H07. Total FY08 production is forecast at more than 850,000 ounces compared to 701,000 ounces in FY07. Bonikro is scheduled for first gold pour in September 2008. Total cash costs per ounce for the full year are expected to be less than US$400/oz from Lihir Island. The stock is rated as a BUY.
 
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