Once production at Lihir Island re-commences and if the PoG holds, looks like 2009 will be a bright year for Lihir.
- Quarterly gold production (record) = 315,484 up from 250,110 from the Sept Quarter (for a full year production increase of 26% from 2007)
- Production expected to increse to 1m oz in 2009
- Cash costs down to $353/oz from $412/oz (-14%); for an overall cash cost for 2008 of $400/oz (+33% from 2007)
- Equigold mine production encouraging
- Million ounce plant upgrade for Lihir Island is on schedule
- Ballarat production well below expectations
- Bonriko ore grade well above plan at 2.28g/t
- Average Cash price $/oz = 792 down from 847 in the Sept quarter (-7%)
- Remainder of the hedge book = 115,797 oz to be delivered quarterly at A$600 over the period to Sept 2010.
Based on a quick read of the quarterly.
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- Ann: Fourth Quarter 2008 Production Report
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Price($) | Vol. | No. |
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