Besra Announces 2014 Guidance, Plans to Cut Costs

Besra (TSX:BEZ,ASX:BEZ,OTCQX:BSRAF) announced production guidance for 2014 of 65,000 – 70,000 ounces.

As quoted in the press release:

Besides setting production guidance for the coming year, the Board approved wide ranging cost cuts and efficiencies, which will reduce central corporate costs by US$1.5m for a projected total of US$5.2m in fiscal year 2014.

Besra’s CEO, John Seton, said:

This announcement comes on the heels of achieving production guidance of 60,000 ounces for FY 2013. The Board has set FY 2014 guidance of 65,000 to 70,000 ounces, which represents an 8-16% increase on FY 2013 and continues the year on year increase for the past five years.

To view the whole press release, click here.