| Log In | Register Now
Lihir Gold Ltd on Thursday reported a sharp rise in first-quarter gold production to 317,998 ounces, more than double the 139,188 ounces it mined in the same period a year ago.
It was also up from production of 315,484 ounces in the previous quarter.
Full-year production from its mines in Papua New Guinea, Ivory Coast and Australia was likely to be in a range of 1.04-1.2 million ounces, in line with previous guidance.
Total cash costs were reduced to $329 per ounce.
Lihir in March raised $325 million by selling new shares to institutions to fund an expansion of its Lihir mine in Papua New Guinea's New Ireland province.
© Thomson Reuters 2009 All rights reserved
Diet Soda: Research Sparks Debate on Risks of Heart Disease, Stroke
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
![Baby Blue Ivy Carter was Conceived in Paris: Beyonce and Jay-Z Officially Announce Birth of Girl [VIDEO of 'Glory']](http://img.ibtimes.com/www/thumb/mainpage/214587-150110-jay-z-and-his-wife-beyonce-watch-the-new-jersey-nets-play-the-phoenix-.jpg)
