Leyshon Resources

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Leyshon Resources has a proud history as one of Australia’s most financially successful gold mining companies having produced over 2.7 million ounces from its Mt Leyshon Gold Mine in Queensland and distributed over A$300 million dollars to its shareholders over its 15 year life. Today Leyshon has divested its Australian mining and exploration interests and is focused on the  Zheng Guang project in Heilongjiang, northeast China.  Zheng Guang has estimated the resource of 1.21 million ounces of gold, 94,000 tonnes of zinc and 3.72 million ounces of silver.

The company forecasts annual revenues of 90 mln usd from the project at current metal prices, and EBITDA of 54 mln usd on cash operating costs of some 155 usd per ounce.

Website:
http://www.leyshonresources.com/
Phone:
+618 9321 0077
Address:
Suite 3, Level 3, 1292 Hay Street, West Perth WA 6005.
Super Sector:
General Mining - Gold
Sector:
Mining
Industry:
Gold Mining
EPIC / Symbols:
LON:LRL

Sector: Mining

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Leyshon Resources RNS Press Releases
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Leyshon Resources Articles
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  •  Leyshon Resources - battening down the hatches

    26/11/08

    Leyshon Resources - battening down the hatches

    Key for shareholders, once mining operations are running profitably, is Leyshon’s plan to retain only enough of the profits within the business to meet sustaining capex and finance a small annual exploration budget. The balance will be returned to shareholders as dividends.
  • Leyshon Resources an ultra low-cost gold producer in the making

    24/07/08

    Leyshon Resources an ultra low-cost gold producer in the making

    Leyshon also confirmed that the cash cost, per ounce, is actually lower than previous forecasts, at US$238 per ounce. At this sort of level, Zheng Guang will be an exceptionally strong cash flow generator and will be one of the lowest cost gold mines in existence.
  • Still "Pure China Gold"

    05/02/08

    Still "Pure China Gold"

    Zheng Guang is expected to produce US$90 million in revenues per annum, with cash operating costs coming in at less than US$250 per ounce of gold equivalent - this will put Leyshon Resources in the lowest cost quartile of gold producers
  • Pure China gold

    28/08/07

    Pure China gold

    At current metal prices, once in full production of 100,000 ounces of gold per annum, plus silver and zinc, Zheng Guang is expected to produce annual revenues of around US$90 million with a cash operating cost of approximately US$155/oz (after zinc and silver credits) for an EBITDA of US$54 million.
  • Leyshon Resources: China-Miner?

    10/02/06

    Leyshon Resources: China-Miner?

    Exploration plans for 2006 include drilling to the north of the Main Ore Zone, towards the Zhang Guang North zone, where the company believes a 1.25 km mineralized corridor exists, offering high potential for additional precious and base metal development.
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