Sino Gold boosts mine production in China - 500 Beiträge pro Seite

[MYSHADOW]

Sino Gold boosts mine production in China

(Asia In Focus Via Thomson Dialog NewsEdge)MELBOURNE, Jan 30 Asia in Focus - The Sydney-based SINO GOLD LTD (ASX:SGX) boosted gold production at its Jianchaling mine in China in the December quarter, taking production for the year to double what was planned. The mine produced 5,810 ounces of gold in the quarter, up from 5,118 ounces in the previous quarter.



* Gold production for calendar 2005 totalled 20,391 ounces, about double the planned production for the year, the miner said in its quarterly production report.

* Gold sales for the December quarter were 5,573 ounces, up from 5,111 ounces in the previous quarter.

SUMMARY

Sino Gold boosts output at Jianchaling mine in China in December qtr to 5,810 ounces, up from 5,118 ounces

ASIA IN FOCUS

30-01 1244

http://www.tmcnet.com/usubmit/-sino-gold-boosts-mine-product…

[SOM.you.]

haut mich jetzt ncht vom Hocker.

SOM

[MYSHADOW]

Sino Gold to increase gold resource
Monday Jan 30 18:10 AEDT
Sino Gold Ltd says it expects to soon announce a large upgrade of the size of the resource at its key Jinfeng project in China.

The company said development of the mine remained on schedule with the first gold to be poured as early as September this year and the ramp up to full production by the end of the year.

Sino Gold chief executive Jake Klein said a program of drilling at the mine was likely to extend the size of the known ore body and data from infill drilling was currently being processed and would increase the size of the resource.

" We do expect a large upgrade in the measure and indicated categories that will be able to ultimately be classified as reserves," he told reporters.




The mine is one of the biggest gold projects in China and analysts say that, with Sino Gold`s experience in the country, the company is well placed to win stakes in other major Chinese gold projects.

Sino Gold released its December quarter production report which showed its Jianchaling mine had staved off predictions of imminent closure, producing 5,810 ounces of gold for the quarter.

The mine, which the company previously said would close down in April 2005, produced 20,391 ounces of gold in 2005 - double what had been expected.

Mr Klein said increased ore deliveries from a neighbouring mine had now allowed gold production at Jianchaling to be extended to March 2006.

But a drilling program aimed at finding new reserves in the area appears to have drawn a blank and Mr Klein said planning was now well advanced for the closure or sale of the operation.

Operating costs of the mine increased slightly in the quarter, up to $US275 per ounce compared to $US272, and the average realised price during the quarter was $US458 per ounce.

Sino Gold closed down two cents at $3.68.

Quelle:
http://news.ninemsn.com.au/article.aspx?id=84335