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PanTerra Gold Increases Gold Dore Output At Las Lagunas

PanTerra Gold (ASX: PGI) increased the value of doré shipped to refiners in August from the Las Lagunas Project in the Dominican Republic.

PanTerra said that since the Albion/CIL process plant was re-commissioned at the beginning of August 2013 with the new Albion circuit agitators functioning as required - and the CIL tanks freshly charged with highly activated carbon - production has increased.

The value of doré shipped for week commencing was: 5 August 2013 US$508,000; 12 August 2013 US$803,000; and 19 August 2013 US$1,010,000.

The company added that a three day shut down during the first week of September 2013 (originally planned for August) to modify pipework associated with the flotation circuit will interrupt the trend toward targeted production for a short period, but will result in improved recoveries in this area of the plant.

The Las Lagunas project involves reprocessing 5.137 million tonnes of high grade refractory tailings at 3.8g/t gold and 38.6g/t silver from the Pueblo Viejo mine.

PanTerra has hedged around 30% of total gold production at US$1320 per ounce.

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