Business
Third Quarter Production
Third Quarter Production.
About this update from Kazera Global Plc
[{"type":"text","content":"\n KazakhGold Group Ltd\n12 October 2006\n\n OCTOBER 12, 2006\n\n\n KazakhGold Announces Unaudited Production Figures\n For Third Quarter 2006\n\n \n• Total Production Of 78,361 Ounces Is 27% Increase On Previous Quarter\n\n\nKazakhGold Group Limited (London: KZG), one of the leading gold producers in\nKazakhstan, is pleased to announce a production update for the quarter ended\nSeptember 30, 2006.\n\nGold production from Aksu, Bestobe and Zholymbet, the Group's three operating\nmines in northern Kazakhstan, totalled 78,361 ounces during the third quarter.\nThis equates to an increase of 27% over the 61,530 ounces produced in the second\nquarter and brings total gold produced in the nine months to September 30, 2006\nto 173,521 ounces.\n\nGold sales in the third quarter of 2006 were 97,318 ounces at an average sales\nprice of US$556/oz compared to US$507/oz achieved in the first half of the year.\nGold sales for the nine months to end-September totalled 162,105 ounces.\n\nInventory at September 30, 2006 has been reduced to 29,864 ounces from 48,821\nounces at June 30, 2006, and the company intends to reduce this further by year\nend.\n\n\nFurther Information:\n\nAidar Assaubayev Ron Marshman/John Greenhalgh\nDeputy Chief Executive City of London PR Limited\nKazakhGold Group Limited Tel: +44 (0) 20-7628-5518\nTel: +44 (0) 7770 963107 Mobile: +44 (0) 7767-445390\n\nWebsite: www.kazakhgold.com\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1803,"tagName":"div"}]