Lappland Goldminers reports record gold production at Pahtavaara for the third quarter 2010.
(Thomson Reuters ONE) -
* Gold production at Pahtavaara during the third quarter was 7,198 ounces
(2009 - 3,104 ounces). The highest quarterly production at Pahtavaara in the
history of the company.
* Gold grades in the ore delivered to the mill during the third quarter were
significantly higher than previous quarters 2010.
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Three months ended Nine months ended Full year
Sept 30 June 30
2010 2009 2010 2009 2009
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Pahtavaara
Gold production tr.oz 7 198 3 104 17 983 12 327 18 840
Gold production kgs 224 97 559 383 586
Ore mined, tonnes 122 318 71 056 363 834 192 558 307 009
Ore milled, tonnes 118 069 87 421 360 064 297 569 415 368
Gold grade*, grams per tonne 2,20 1,28 1,81 1,47 1,64
Gold recovery, % 87,8 87,3 87,2 87,4 87,0
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* Run of Mine (ROM)
Operating highlights at Pahtavaara during the third quarter 2010
Gold grades in the ore delivered to the mill (ROM) recovered during the third
quarter and were significantly higher than during the second quarter. This is
due to previous work and planning which made mining of a richer ore higher up in
the mine possible.
Mining and milling operations performed well during the quarter.
On September 16 a fire broke out in the mine when a maintenance container caught
fire and as a result heavy smoke developed. No staff injuries occurred and
damages on material were limited. The production in the mine could resume on
September 18. The temporary halt in mine production had very limited affect on
gold production as feed to the mill could be taken from inventory of ore kept at
surface level during the period mine production was halted.
The gold grades of the ore delivered to the mill continue to be difficult to
predict. This is due to that there are currently few access points to the richer
ore which makes the production sensitive to disturbances as well as varied gold
grades in the ore bodies.
Considering the high production during the third quarter and under the
assumption there are no disturbances of production, as occurred during the
second quarter, the company believes the total gold production for 2010 will
reach at least 22,500 ounces (700 kgs).
For additional information:
Kjell Larsson, CEO Anders Haker, CFO
Tel. +46 950-275 06, + 46 70-385 03 57 Tel: +46 70-810 85 59
kjell.larsson(at)lgold.se anders.haker(at)lgold.se
Also visit: www.lapplandgoldminers.com
About Mangold Fondkommission: www.mangold.se
Lappland Goldminers AB is a producing mining company with significant
exploration activities. The Company is listed on the market place First North
Premier under the name GOLD, with Mangold Fondkommission AB as Certified
Adviser, as well as on the Norwegian OTC list.
Lappland Goldminers' strategy is to develop mineral deposits into profitable
producing mines. The Company is strategically positioned with the the fully
permitted Fäboliden gold project and the Ersmarksberget deposit and processing
plant in northern Sweden. The Pahtavaara gold operation is located in the north
of Finland and the Haveri gold deposit in the south of Finland. Lappland
Goldminers is a member of SveMin, the Swedish association for mines, minerals
and metal producers, and follows SveMin's reporting rules for public mining and
exploration companies.
[HUG#1450746]
Press release PDF:
http://hugin.info/134992/R/1450746/392055.pdf
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Source: Lappland Goldminers AB via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 11.10.2010 - 11:01 Uhr
Sprache: Deutsch
News-ID 44978
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Kategorie:
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