Rns...13 Jun 2014 11:27
13 June 2014
Vatukoula Gold Mines plc
("Vatukoula" or "the Company")
Operational Update for the three months ended 31(st) May 2013
Vatukoula Gold Mines Plc (AIM:VGM), the AIM listed gold producer, is pleased to announce its operational results from its 100% owned Vatukoula Gold Mine in Fiji for the third quarter ended 31(st) May 2013.
3 months 3 months 3 months 3 months 3 months
ended ended ended ended ended
May 2014 Feb 2014 Nov 2013 Aug 2013 May 2013
Operating Results (Q3) (Q2) (Q1) (Q4) (Q3)
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Underground Mining
Total underground tonnes mined
(ore, waste & capital) 85,893 106,437 104,805 96,701 94,793
Operating development (metres) 2,746 2,876 2,822 3,199 3,666
Strike drive development (metres) 448 449 379 395 405
Capital development (metres) 1,040 1,535 1,327 1,131 976
Total development (metres) 4,234 4,860 4,528 4,725 5,047
Sulphide Plant
Sulphide ore delivered (tonnes) 53,079 54,027 62,073 54,637 59,456
Sulphide head grade (grams/tonne) 4.85 5.05 5.30 5.85 4.53
Oxide Plant
Oxide ore delivered (tonnes) 24,921 10,993 47,593 57,076 40,424
Oxide head grade (grams/tonne) 2.50 2.05 2.06 2.15 2.36
Total (sulphide + oxide)
Ore processed (tonnes) 76,950 66,895 107,115 111,936 100,182
Average ore head grade (grams/tonne) 4.06 4.54 3.97 3.96 3.48
Total recovery 80.89% 80.76% 79.37% 79.44% 79.76%
Gold produced (ounces) 8,139 7,622 11,090 11,442 9,005
Gold shipped (ounces) 7,794 7,700 11,415 11,219 8,704
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Cash Costs
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Cash cost per ounce shipped (US$) 1,938 1,618 1,360 1,393 1,812
Cash cost per tonne mined and milled
(US$/tonne) 196 186 145 140 157
Average realised gold price (US$/ounce) 1,271