Record gold production of 52,670 oz during the June 2012 Quarter (the “Quarter”), 13,874 oz or 36% more than in the March 2012 Quarter (the “March Quarter”) and within production guidance of 50-55,000 oz for the Quarter;
Cash costs reduced to US$676/oz, 7% lower than March Quarter cash costs and 2% lower than cost guidance;
Total ore and waste movements (3.660Mbcm) ahead of targets;
Head grade (1.6 g/t) and recovery (87.4%) ahead of targets;
Hourly mill throughput rate (734tph) equates to annual throughput of 5.8Mt at 90% plant availability;
Development - Sissingué Gold Project - Côte d’Ivoire
Negotiation of final fiscal terms for the Sissingué Gold Project is on hold pending formal granting of the Exploitation Licence.
Tendering process for early development works and detailed plant design work well advanced. Exploration – Ghana and Côte d’Ivoire
63,025m of drilling completed including 13,447m in Ghana and 49,578m in Côte d’Ivoire.
Significant drill intercepts from multiple deposits.
Available cash balance of A$105.5M plus 761 oz of gold on hand at 30 June 2012.
Debt reduced to US$63M and associated hedging reduced to 190,000 oz at US$1,256/oz.