Monday, 18th April 2005 (2643 views)

Oxiana has announced that gold production was up 49 per cent in its latest first quarter results.

The Australian based miner produced 56,434 ounces of gold, at a total cash cost of $162 per ounce.

It is thought the rise in gold production was due to a recently expanded gold processing plant at its Laos site.

The firm has already got a number of exploration and development projects planned for this year, with many already underway.

Oxiana has operations in Laos, Cyprus and Vietnam.

 

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