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Sydney, Oct 31, 2005 AEST (ABN Newswire) - Papua Miner Lihir Gold (ASX: LHG) reported record gold production of 193,031oz for the September quarter, up from 129,870oz in the June quarter.
The major factor leading to the strong production was the increase in feed grade from 4.41g/t to 7.15g/t Au.
The company declared that it will be able to achieve a production target of 700,000oz Au. The average realised gold price was $413/oz, at a total cash cost of $272/oz.
In exploration and development, the company declared that the floatation development continued during the quarter according to schedule.
In addition, Lihir commenced the construction of a 20MW of geothermal power.
For the full report please go to: http://www.lihir.com.pg/reports/oct05/2005_Q3.pdf
