Focus Minerals Limited Announces Consolidated Earnings and Operating Results for the First Quarter Ended September 30, 2012; Provides Production Guidance for the December, 2012
For the quarter, the company recorded production of 48,959 oz against 43,823 oz a year ago. Laverton Operations produced 25,786 oz from 44 processing days, taking Laverton gold output to 74,874oz for the nine months of calendar 2012, a 23% uplift on the previous corresponding period. Coolgardie Operations produced 23,177 oz of gold. Ore mined 790,648 tonnes against 463,561 tonnes a year ago. Gold in ore was 51,410 oz against 40,605 oz a year ago. Ore processed was 796,407 tonnes against 795,608 a year ago.
The company provided production guidance for the December, 2012. The company's production in the December quarter is targeted to range between 40-45,000 oz with the transition from mining to the low-strip ratio Burtville open pit in Laverton and Greenfields open pit in Coolgardie.