Thursday, October 29, 2009

Strong performance enables dividends from LGL

Third Quarter 2009 - Group overview

 
  • Quarterly production of 233,346 ozs, in line with guidance.
  • Year to date production of 845,368 ozs, well on track to meet full year production guidance of 1-1.2 million ozs.
  • Dividend distributions to commence. Interim dividend of US1.5 cents per share to be paid on November 30.
  • Lihir Island reserves increased by 7.5 million ozs to 28.8 million ozs.
  • Total cash costs for the nine months to September at $378/oz (excluding Ballarat), on track for full year total cash costs to remain below $400/oz. 
  • Lihir Island Million Ounce Plant Upgrade continues on schedule and budget.

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