News: PanAust maintains FY output guidance

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PanAust Limited (ASX:PNA) has maintained its annual output guidance in its first quarter report. 



The miner says its flagship copper mine in Phu Kham Vietnam has exceeded expectations and produced 15,772 tonnes of copper concentrate in the first three months of this year.



The increased recovery project for the mine has received board approval and expects to increase its average annual production of copper and gold by about 5000 tonnes.



For the 2011 financial year, Pan Aust reported a net profit of $144.3 million.