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Allied Gold Limited: Simberi (PNG) Exceeds December Quarter Gold Production
Jan. 10, 2011 07:08AM PST
Gold InvestingAllied Gold Ltd’s (PINK:AIGOF) reports that Simberi gold mine in Papua New Guinea exceeded budgeted production and produced 18,921 ounces of gold in the December quarter.
Allied Gold Ltd’s (PINK:AIGOF) reports that Simberi gold mine in Papua New Guinea exceeded budgeted production and produced 18,921 ounces of gold in the December quarter.
The press release is quoted as saying:
Mill throughput at Simberi is running at 2.3 million tonnes per annum due to the successful completion of an optimization de-bottlenecking programme during 2010. The planned Oxide Expansion is underway and will lift mill throughput to 3.5 million tonnes per annum and lift gold output to 100,000 oz pa by late 2011. Pre-mining development for the enhanced production profile has been accelerated through the delivery of a larger haulage & loading fleet.
Click here to access the entire press release
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