RNS - Good stuff...20 Oct 2014 14:36
"Operational HIGHLIGHTS
GolD - Freda Rebecca (Zimbabwe)
* Gold production rose by 23% to 16,555oz, against 13,503oz in the previous
quarter as a result of improvements in feed grade, recovery and milled
tonnes
* Tonnes milled rose by 21.3% to 319,768t (Q1 2015 263,531t) and the average
feed grade was 9% higher at 2.25g/t (2.07 g/t in Q1 2015)
* Feed grade improved as the main production stopes were fully available and
intersected expected grades
* Gold recovery for the quarter was 4.2% higher at 80% compared to 76.8% in
Q1 2015
* Cash costs for the quarter under review fell 18% to US$880/oz from US$1,078
/oz in Q1 2015, whilst all-in sustaining costs decreased by 17% from
US$1,283/oz in Q1 2015 to US$1,061/oz in Q2 2015 demonstrating the mines
capability to remain profitable in a lower gold price environment
* The average gold price received during the period was 2% lower at $1,272/
oz, (Q1 2015 $1,296/oz)"