Finally, something for the long termers. Not out of the woods, but you can see the clearing from here.
ASX ANNOUNCEMENT 17 December, 2010
November Operational Highlights
Apex Minerals (ASX:AXM) is pleased to provide a brief update on its operational
performance for November.
40,000 tonnes mined from underground at 6.2 g/t for 8,000 ounces of contained gold
(up 26% on September quarter average).
Gold production for November at 6,936 ounces is highest for calendar 2010 and up 8%
on the average for the September quarter.
Cash operating costs at $871 per ounce of gold sold is confirming significant reduction
reported last month. This is 30% lower than the September quarter average.
Metallurgical recoveries at 87.5%, again the highest level this calendar year (September
quarter averaged 85%).
Development achieved 437 metres of lateral for November of which 221 metres related
to capital (decline and cross cuts).
New resource for Wiluna being finalised and expected to be released to the market
early next week.
Mark
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