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Lihir Gold Ltd

Published : July 30th, 2009

Record half year gold production for LGL

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Record half year gold production for LGL

 


Highlights from LGL's Second Quarter Production Report:

  • Quarterly production of 294,000 oz, taking half year production to a record 612,000 ounces.
  • Total cash costs for the group increased marginally to $368/oz for the quarter (excluding Ballarat), maintaining LGL�s low cost position.
  • Lihir Island Million Ounce Plant Upgrade continues on schedule and budget .
  • Pre-feasibility study commenced for development of gold deposits at Hire, near Bonikro in Cote d�Ivoire.
  • Average realized cash gold price of $907/oz compared to $876/oz in the prior March quarter.
  • Remnant Equigold hedge book closed out during the quarter, leaving LGL gold production completely unhedged.
  • Share Purchase Plan completed in April raising approximately A$25 million.
  • Ballarat sale process commenced in July.

The Second Quarter Production Report is now available on the LGL website at www.LGLgold.com

A conference call for media will commence at 11.30am AEST (Syd / Melb time). For dial in details please contact josie.brophy@lglgold.com.

A management presentation for investors will be webcast live from the LGL website www.LGLgold.com from 9.30am AEST time. The webcast will remain archived on the website for later viewing.

If you wish to receive a PDF version of the production report send an email to josie.brophy@lglgold.com  
 

Enquiries:
Josie Brophy
Corporate Communications Manager
Email: josie.brophy@LGLgold.com
Tel: +61 7 3318 3317

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Lihir Gold Ltd
CODE : LGL.AX
ISIN : PG0008974597
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Lihir Gold is a gold producing company based in Papua new guinea.

Lihir Gold is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 2.8 billions as of today (US$ 8.7 billions, € 7.8 billions).

Its stock quote reached its lowest recent point on May 21, 2004 at AU$ 0.88, and its highest recent level on August 31, 2010 at AU$ 4.51.

Lihir Gold has 1 907 781 743 shares outstanding.
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Financials of Lihir Gold Ltd
7/27/2010Second Quarter Production Report
7/21/2010Second Quarter Production Report - Wednesday 28 July 2010
4/23/2010Solid first quarter enables LGL to lift full year production...
8/25/2009Half Year Financial Results
8/14/2009 Half Year Financial Results
7/29/2009LGL Second Quarter Production Report - TOMORROW
Corporate news of Lihir Gold Ltd
7/28/2010On target after solid first half
5/4/2010Newcrest and Lihir enter into Merger Implementation Agreemen...
2/17/2010 reports 57% jump in underlying profit
8/26/2009underlying profit up 130% for Half Year to June 2009
7/30/2009Record half year gold production for LGL
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