Business
Preliminary Operating Results
Preliminary Operating Results.
About this update from Kazera Global Plc
[{"type":"text","content":"\n RNS Number : 2571G KazakhGold Group Ltd 28 January 2010 \n \nKazakhGold Group Limited releases its preliminary operating results for August -December 2009.\n\nIn the period under review KazakhGold Group Limited and its subsidiaries (the \"Group\") produced 30.3 k oz (941 kg) of gold in a form of sludge, flotation and gravitation concentrates and other semi-products.\n\nIn August-December 2009 the volume of total rock moved at the Group's production units and projects amounted to 232.6 thousand cubic meters, out of which 197.2 thousand cubic meters were related to stripping. Total rock moved is given only for open-pit mining. In the reporting period the Group mined 432.1 thousand tonnes of ore both from open-pit and underground operations. The average grade of the ore mined was equal to 3.04 g/t.\n\nOre processing in the period under review amounted to 432.1 thousand tonnes, out of which 243.4 thousand tons were processed at the refining plants and the rest at the heap leaching facilities. \n\nIn the last five months of 2009 Zholymbet mine produced 12.1 k oz (375.8 kg) of gold, which represents 40% of total production of the Group. Bestobe mine produced 10.9 k oz (338.3 kg) of gold, or 36% of total output. Another 7.3 k oz (227.1 kg) were produced at Aksu.\n\nBy type of the semi-product the breakdown of the production was the following: 10.4 k oz of gold was in sludge, 9.1 k oz in quartzite ore, 3.6 k oz and 2.8 k oz in flotation and gravitation concentrate, respectively, with the rest in other semi-products.\n\n\n\nDuring the last five months of 2009 the Group sold 29.4 k oz of gold, resulting in revenues for the Group of USD 26.2 million. The gold was sold to the following destinations: Russia (ZAO Karabashmed), Switzerland (Metalor Technologies) and China.\n\nAccording to preliminary estimates, total capital expenditures in 2009 amounted to approximately USD 6.6 million (including exploration).\nDuring this period the upgrading of underground mine equipment was underway at all mines, as well as repair works at the mills. At Zholymbet, the construction of hypochlorite preparation and tailings neutralization workshops, as well as oxygen station of the plant, was completed. In addition, capital and maintenan...