Lachlan Star Files Quarterly Report for the Period Ending 30 September 2014
29.10.2014 | Marketwire
PERTH, WESTERN AUSTRALIA -- (Marketwired - Oct. 29, 2014) - Perth, Western Australia: Gold miner, Lachlan Star Limited ("Lachlan Star" or the "Company") (TSX:LSA) (ASX:LSA) is pleased to provide the following quarterly report for the period ending 30 September 2014.HIGHLIGHTS
OPERATIONAL PERFORMANCE
- Zero LTA during the quarter.
- Zero environmental incidents.
- Continuing productive relationship with neighbouring communities.
- Stable mining performance consistent with performance levels of previous two quarters.
- Total cost of tonnes stacked of US$15.18/tonne of ore and a 3% reduction over the previous quarter.
- C1 Cash Cost of US$779 per ounce of gold produced representing a 21% reduction in C1 cash cost on the prior year corresponding period.
CORPORATE
- On September 15th, the Company announced that its Chilean subsidiary, Compañía Minera Dayton, sold certain mining properties to Compañía Minera Carmen de Andacollo ("CDA").
- On September 26th, the Company announced an updated Resource and Ore Reserve Statement for the Compañía Minera Dayton Gold Mine (CMD) in Chile.
- Albeit post-quarter, on October 16th, the Company announced a non-brokered private placement to Hamilton Place Associates LLC for proceeds of US$1.14 million and the appointment of a new Chairman. Mr Scott Perry resigned from the board and Mr Peter Babin was appointed as the new Non-Executive Chairman of the Company.
To view the full announcement please click the link below:
http://www.lachlanstar.com.au/images/LSA_Quarterly_Report__3Q14_FINAL.pdf
ABN: 88 000 759 535
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CONTACT INFORMATION
Lachlan Star Limited
Michelle McAuliffe
+61(8) 9481 6006
michelle.mcauliffe@lachlanstar.com.au
www.lachlanstar.com.au