Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • PanTerra Gold Expects Increase In Recoveries At Las Lagunas Gold Silver Project 0 comments
    Jun 16, 2013 11:00 PM

    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.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.