The production target for the full year 2010 has been reached already in November - gold production for the first eleven months was 22,670 ounces.
(Thomson Reuters ONE) -
The full year forecast for the gold production was achieved already in November.
At the beginning of the third quarter gold production at Pahtavaara increased
when richer ore bodies became available for mining. The high production levels
have continued into the fourth quarter when gold grades and gold recoveries have
continued to be above plan in October and November. Due to that production
results reached levels above plan during the third quarter Lappland Goldminers
in October revised its production forecast for 2010 to a gold production of at
least 22,500 ounces (700 kgs). Lappland Goldminers is happy to announce that the
production target for 2010 could be reached already in November.
Gold production at Pahtavaara for January to November 2010 was 22,670 ounces or
705 kgs. For the corresponding period 2009 gold production was 16 675 ounces or
519 kgs. The average gold grade in the ore fed to the mill during October and
November 2010 was 2.25 grams per tonnes and the average gold recoveries in the
mill was 87.0%.
Development of monthly production at Pahtavaara.
For additional information:
Kjell Larsson, CEO Anders Haker, CFO
Tel. +46 70-385 03 57 Tel +46 70-108 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.
The full press release including tables and chart can be downloaded from the
following link:
Press release PDF:
http://hugin.info/134992/R/1470083/407280.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lappland Goldminers AB via Thomson Reuters ONE
[HUG#1470083]
Unternehmensinformation / Kurzprofil:
Datum: 08.12.2010 - 09:30 Uhr
Sprache: Deutsch
News-ID 49512
Anzahl Zeichen: 3228
contact information:
Town:
Lycksele
Kategorie:
Business News
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