THE BOURSE WHISPERER: Central Asia Resources has made further gold sales of approximately 1005 ounces for US$1.5 million from the company’s Dalabai gold project in Kazakhstan.
Central Asia said it expects to receive the sales proceeds by the week ending June 22, 2012.
As well as the being set to pocket US$1.5M in gold sales, the company indicated it also has approximately 500 ounces, from the first two weeks of production in June, on resin, which will be trucked to mining services company Dank in Semey, Kazakhstan for processing.
Central Asia now has its plans in motion to construct a second heap leach pad at Dalabai as part of its progress to increase production to 2,000 ounces of gold per month at the plant.
“Now that all our systems are in place we can move towards hitting our nameplate production of 2000 ounces of gold per month,” Central Asia Resources executive chairman Guy Warwick said in the company’s announcement to the Auistralian Securities Exchange.
“Joint managing director Robin Gill and his staff have again exceeded budget expectations with May production of 1,005 ounces of gold versus an anticipated 1,000 ounces.”