The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Tuesday, 19th July 2005 (4027 views)

Oxiana Ltd has reported a second quarter rise of 75 per cent on the amount of gold it has produced.<br/><br/>The second-biggest Australian gold miner by market value, said the increase had been helped by the expansion of its Sepon plant in Laos.<br/><br/>In the three months ending June 30th, gold production rose from 31,359 ounces a year ago to 54,906 ounces this year.<br/><br/>The Melbourne-based company also produced 7,355 metric tons of copper during the second quarter. <br/><br/>As well as its Sepon project in Laos the increased production has been boosted by work at the Prominent Hill in South Australia. <br/><br/>As a result shares in Oxiana are heading for the biggest gain in two months.<br/><br/>"The shares have risen on a couple of things. There has been good exploration at Sepon, they have added gold resources at Prominent Hill and the production report was not bad,' explained Keith Williams, a Melbourne-based analyst at Wilson HTM Investment Group.<br/><img alt="track" src="http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=15007182"/>

 

« Back to Gold News stories