The Straits Times
Published on Jan 23, 2013

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


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.