Unity Mining Limited (ASX:UML) (Unity or the Company) is pleased...

Unity Mining Limited (ASX:UML) (Unity or the Company) is pleased to report continued strong production performance in January and February at its Henty Gold Mine in Tasmania, primarily due to the processing of ore from both the Darwin South and Read Zones that have yielded higher than forecast gold grades.
Based on preliminary unaudited results for the first two months of the March quarter, Henty has produced 10,414 oz gold, some 30% ahead of plan.
Cash costs (including royalties) over the same period are estimated at $886/oz, compared with an average realised gold price of $1576/oz.
Andrew McIlwain, Unity’s Managing Director & CEO commented “This production performance is forecast to continue through March and with the company on track to deliver a production result for the quarter well ahead of target, we are confident in lifting our full year production guidance to 45,000 to 50,000ounces.
“This will be the fourth successive quarter of better than budget performance from Henty and the sustained focus on cost control, and a strategy of maximising cash generation from the operation, is expected to see a significant increase on the $12.3m cash at bank – as reported in the December quarterly - by the end of March” said Mr McIlwain.
The company will provide full details including final production and financial results in early April with the release of its March 2015 Quarterly Report.