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Monday, 11th April 2005 (3971 views)

Gallery Gold is likely to triple its production over the next three years.<br/><br/>According to the Sydney Morning Herald, the junior miner will increase production at its flagship Mupane Mine, since it has already exceeded expectations.<br/><br/>In addition, the company is drawing nearer with an investment decision on its second operation.<br/><br/>Managing director, Hamish Bohannan, commented: "Gallery is confident the company will be producing between 250,000 and 350,000 ounces of gold a year within the next three years."<br/><br/>It is also hoped a feasibility study will be completed on the firm's Buckreef-Rwamagaza project in Tanzania this year.<br/><br/>At present production is roughly set at between 120,000 to 180,000 ounces of gold per year from two initial open pits, which will start around 13 to 14 months after construction begins.<br/><br/>Gallery is an emerging Australian gold producer.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8246320"/>

 

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