Peninsular Gold Limited Operations Update (3272C)
14 3월 2014 - 5:30PM
UK Regulatory
TIDMPGL
RNS Number : 3272C
Peninsular Gold Limited
14 March 2014
PENINSULAR GOLD LIMITED
('Peninsular' or the 'Company')
Raub Operations Update
Highlights
-- Gold production for the quarter to 31 December 2013 of 4,628
ozs from approximately 302,000 tonnes of tailings throughput (Q3
2013: 5,836 ozs)
-- Gold production for the six months to 31 December, 2013 totalled 10,464 ozs
Raub Operations
Gold production from the Raub plant was 4,628 ozs for the
quarter to 31 December, 2013 compared with 5,836 ozs in Q3 2013.
This decrease in gold production during Q4 was principally caused
by a loss of throughput due a mill being offline for a few weeks
for repairs, a lower recovery rate and some periods of heavy rain
affecting operations.
The Raub Plant's CIL feed tonnage for the quarter was
approximately 302,000 tonnes of tailings material. This was
approximately 12% lower than the previous quarter's 342,000 tonnes
of a mix of tailings and in-situ material.
The Q4 2013 result brings the total gold production for the
first half of the financial year to 30 June, 2014 to 10,464 ozs
(Q42012: 11,705 ozs), from the processing of an estimated 644,000
tonnes of material.
Q1 of 2014 has started well with an improvement in both recovery
and throughput giving January gold production of 2,105 ozs, whilst
at the same time the gold price is continuing to show signs of
recovery from its recent lows of Q4 2013.
End
Dato' Sri Andrew TY Kam Patrick Watson
Chairman and Chief Executive Finance Director
Peninsular Gold Limited Peninsular Gold Ltd.
Tel: +60 (0)3 2698 8381 Tel: +44 (0)7799 885653
-------------------------------- ---------------------------
Samantha Harrison/Craig Francis Colin Rowbury
Nominated Advisor Broker
RFC Ambrian Limited Daniel Stewart & Co. Ltd.
Tel: +44 (0)20 3440 6800 Tel: +44 (0)20 7776 6936
-------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRGIGDXRBBBGSS
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