Resource Wrap: 31 May 2010 – LGL
May 30, 2010
Lihir Gold Limited (LGL) this morning said the mineral reserves and resources at its Bonikro operation in Côte d’Ivoire as at 31 March 2010 was 760,000 ounces against the previous stated reserve of 930,000 oz at October 2006. Lihir said the reserve estimate was partly due to mining depletion of 275,000 ounces, however was offset by a higher price for gold over the last four years. This doesn’t take into account mining since November last year, the company noted.
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