St Barbara Dec quarter output up 19%

Gold miner St Barbara has reported a 19% increase in attributable gold production for the three months to December, with the miner producing some 93 000 oz during the quarter, compared with the 78 000 oz of attributable production in the previous...

Gold Ridge performance not up to scratch – St Barbara

ASX-listed St Barbara said on Wednesday its newly acquired Gold Ridge operation, in the Solomon Islands, was not performing to expectations. In its September quarterly report, MD and CEO Tim Lehany stated that the Gold Ridge operation had...

Allied's costs soar as production declines

Takeover target Allied Gold has reported a slight decline in gold production for the three months to June, compared with the previous quarter, as a result of unscheduled maintenance at its Simberi and Gold Ridge operations. During the quarter...

St Barbara, Allied merger to form A$1bn gold producer

Australian gold miners St Barbara and Allied Gold Mining on Friday announced a merger to create an international midtier producer with the largest gold reserve and resource portfolio on the ASX. The combined group, with a market capitalization of...

Allied ups output in March Q

Gold miner Allied Gold has reported solid production results for the three months to March, with gold production up 9.4% over the previous quarter, while cash costs reduced by 11%. During the quarter under review, Allied produced 34 107 oz of...

Allied swings into loss, but ups output

Gold miner Allied Gold has reported a 203% drop in profits after tax for the year ending December, recording a loss of A$5.9-million, compared with a profit of A$5.7-million in the previous financial year. The loss was attributed to increased...

Allied targets increased output in March Q

Pacific Rim gold producer Allied Gold was targeting an increased output at both its Simberi and Gold Ridge operations for the three months to March. The miner reported that gold production for the three months to December reached 31 181 oz, which...

Allied resumes gold production at PNG mine

Gold-miner Allied Gold has resumed production at its Simberi mine, in Papua New Guinea (PNG). The ASX- and TSX-listed company said on Thursday it had successfully petitioned the PNG National Court of Justice to return to work at the site, after...

Allied Gold swings to profit, output up 18%

ASX-, TSX- and Aim-listed Allied Gold is back in the black after reporting a an after-tax profit of $9,3-million for the interim period ended December, compared with a loss of $22,4-million in the corresponding half year. Revenue for the six...

Allied Gold says Simberi production exceeds expectations

ASX- and TSX-listed miner Allied Gold on Monday reported that its Simberi gold project, in Papua New Guinea, had exceeded expectations, producing 18 921 oz of gold in the December quarter. This was the third consecutive quarter in which the mine...

Allied Gold targeting 320 000 oz/y by 2015

Australia-based Allied Gold, which owns projects in Papua New Guinea and the Solomon Islands, could increase its production to 320 000 oz/y by 2015, it said on Wednesday. This comes as a prefeasibility study indicated that it could increase its...

Allied secures $35m IFC loan for Solomon Islands gold mine

Gold developer Allied Gold has signed a $35-million loan agreement with the International Finance Corporation to underpin the A$150-million redevelopment of its Gold Ridge mine, in the Solomon Islands. Allied Gold said in a statement on Friday...