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LionGold unit produces gold that sold for $56 million last year

Published on Jan 23, 2013 6:51 PM

LionGold Corp says its subsidiary Castlemaine Goldfields produced 27,512 ounces of gold at its Ballarat Mine last year, in its first full year of production.

That generated gold sales of A$43.4 million (S$56 million), the mainboard-listed company said today in a corporate update.

Some 146,000 tonnes of gold-bearing ore were processed at an average grade of 7.4 grams per tonne.

Average gold recovery was 86 per cent.

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