LGL lynch group holdings limited

HighlightsGroup gold production for the quarter was a...

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    Highlights


    Group gold production for the quarter was a record....


    250,000 oz, up 41% on the previous three months to June.




    • Total Cash Costs for the group of $412/oz, which continues
    to position the company at the lower end of the global gold
    production cost curve.



    • Average realised cash gold price of $847/oz.


    • Expansion projects and development proceeding:
    – Bonikro (Ivory Coast) poured first gold October 6.
    – Ballarat production ramping up in fourth quarter.
    – Lihir Island Million Ounce Plant Upgrade proceeding on
    budget and on schedule.



    Outlook





    • Group production in 2008 is expected to be approximately
    850,000 oz, in line with previous guidance.

    approximately $400-420/oz.
 
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