3/14/2014 Operations Update - London Stock Exchange
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Company Penins ular Gold Lim ited
TIDM PGL Headline Operations Update Released 08:30 14-Mar-2014 Number 3272C08RNS Number : 3272C Peninsular Gold Limited
14 March 2014
PENINSULAR GOLD LIMITED ('Peninsular' or the 'Company') Raub Operations UpdateHighlights
· Gold production for the quarter to 31 December 2013 of 4,628 ozs from approximately 302,000 tonnes of tailings throughput (Q3 2013: 5,836 ozs)
· Gold production for the six months to 31 December, 2013 totalled 10,464 ozs
Raub Operations
Gold production from the Raub plant was 4,628 ozs for the quarter to 31 December, 2013 compared with
5,836 ozs in Q3 2013. This decrease in gold production during Q4 was principally caused by a loss of
throughput due a mill being offline for a few weeks for repairs, a lower recovery rate and some periods of
heavy rain affecting operations.
The Raub Plant's CIL feed tonnage for the quarter was approximately 302,000 tonnes of tailings material. This was approximately 12% lower than the previous quarter's 342,000 tonnes of a mix of tailings and in- situ material.
The Q4 2013 result brings the total gold production for the first half of the financial year to 30 June, 2014 to
10,464 ozs (Q42012: 11,705 ozs), from the processing of an estimated 644,000 tonnes of material.
Q1 of 2014 has started well with an improvement in both recovery and throughput giving January gold production of 2,105 ozs, whilst at the same time the gold price is continuing to show signs of recovery from its recent lows of Q4 2013.
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Dato' Sri Andrew TY Kam Chairman and Chief Executive Peninsular Gold Limited Tel: +60 (0)3 2698 8381 | Patrick Watson Finance Director Peninsular Gold Ltd. Tel: +44 (0)7799 885653 |
Samantha Harrison/Craig Francis Nominated Advisor RFC Ambrian Limited Tel: +44 (0)20 3440 6800 | Colin Rowbury Broker Daniel Stewart & Co. Ltd. Tel: +44 (0)20 7776 6936 |
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