enoonmai
June 2011 Quarterly Report
Gold production for the June quarter of 72,860 ounces
was 19% higher than the previous quarter.
... proceeds from the sale of gold on 30 June
2011 of $17 million were received in early July.
King of the Hills underground mine commenced gold
production in May, and produced 7,066 ounces at a
cash operating cost of $699 per ounce for the June
quarter
Consolidated gold production for FY12 is forecast to
increase by approximately 30% to between 320,000 to
350,000 ounces, driven by a full year contribution from
King of the Hills of between 55,000 to 60,000 ounces,
and an increase in the grade of ore mined at Gwalia to
between 8.0 to 8.5g/t Au.
No's aren't dissapointing BUT agree there is uncertainty mainly due to short life / high costs at Sthn Cross.
At current gold prices these guys are making v. good $$ at the moment.
kbxk508
enoonmaiJune 2011 Quarterly ReportGold production for the June...
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