the fact on bmo 25 October 2006
September 2006 Quarterly Review
Executive Summary
• Mine and mill operations performed as forecast during the quarter
• Gold shipments were 11,457 oz (including 428 ounces from ore purchases) and 16,115 ounces ytd
• Head grade of crushed ore processed was 14.4 g/t
• Cash costs were approximately $480/oz
• Average gold price received $819/oz
• Cash flow from operations was $3.6 million and cash balances increased to $4.0 million
• Production from the extended Area 1 expected to exceed Reserve by over 60%
• New Ore Reserve for Area 2 calculated at 197,000 tonnes at 21 g/t for 133,000 ounces of gold
• System is open at depth with new targets identified
• CBA increases debt facility to $8m and term to March 2008
• Exploration spend was $0.7 million
• Re-logging of the historical drill core at 309 has provided a much clearer picture of the geology of key
structural and lithological controls on gold mineralisation. Assists with 309 resource expansion and regional
programme
• Area 3 and Lone Sister pit optimisation studies are underway
• Management changes
Forecasts
Gold production for the 2006 year is expected to be 20,000 to 22,000 ounces ramping up to approximately
70,000 ounces in 2007. The Company is targeting a cash cost of $350/oz for 2007.
- Forums
- ASX - By Stock
- BMO
- gold 640 buckle up its unhedged
gold 640 buckle up its unhedged, page-15
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMO (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.611M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $580 | 96.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3951234 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 212000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2284568 | 0.006 |
11 | 3311299 | 0.005 |
7 | 3481739 | 0.004 |
3 | 1670000 | 0.003 |
1 | 700000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 212000 | 2 |
0.008 | 2782404 | 7 |
0.009 | 1846111 | 3 |
0.010 | 625000 | 1 |
0.011 | 500000 | 1 |
Last trade - 10.56am 28/06/2024 (20 minute delay) ? |
Featured News
BMO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online