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PanTerra Gold Expects Increase In Recoveries At Las Lagunas Gold Silver Project

PanTerra Gold (ASX: PGI) is already producing gold and silver from the Las Lagunas project in the Dominican Republic, with the Albion oxidation plant upgrade near completion.

PanTerra has advised that installation of larger agitators to the Albion oxidation tanks is proceeding, with two out of the five rectifications complete. Chemical reactions in these two tanks have increased significantly with raised temperatures and improved oxidation levels.

The importance of the upgrade is that PanTerra expects a positive step change in gold and silver recoveries from the downstream CIL circuit, once the upgrade of the oxidation process is completed around the end of this month.

Last month PanTerra advised that production for the June quarter 2013 is on target to achieve US$13 to US$14 million of gold and silver shipments to refiners. Half-way through the period production valued at US$6.5 million had been, or was ready, to be shipped.

September quarter revenue set to rise

PanTerra has forecast revenue for the September quarter will be in the order of US$18 to US$20 million, followed by further increases for the December quarter with continuing process optimisation.

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